We could have expected more of our politicians than to seize the opportunity of the pandemic to line the pockets of their friends and supporters.
https://t.co/485EriTrSY
A stream of quick-thinking chancers and politicians’ pals helped themselves to taxpayers’ money like a bunch petty villains who’d hit the jackpot. The normal rules of risk reward didn’t apply to them.
https://t.co/485EriTrSY
In an extreme case, caution is thrown to the wind and it should come as no surprise that unnecessary extra costs get incurred. The scale of the mistakes and costs are in proportion to the scale of the pandemic which was, as we all know, unprecedented.
https://t.co/485EriTrSY
Procurement professionals know that there is a balance between risk and reward. Ideally and in normal times, risk is assessed carefully and pragmatically and as much of the commercial risks as possible are passed to suppliers or offset, managed or avoided.
https://t.co/485EriTrSY
£737m was spent on the cost of storing the UK's vast stocks of PPE but £436m of this was penalties, fines for overstaying their welcome, for buying too much and having nowhere to store it
https://t.co/485EriTrSY
The Economist published a summary of the colossal waste of money that was created in the rush to buy PPE in the UK during the pandemic. The waste was worth it they reckon but in their assessment, they are being far too kind to the politicians.
https://t.co/485EriTrSY
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