A report from independent public spending watchdog, the National Audit Office (NAO), looks at the process by which the Ministry of Defence (MOD) bought back 36,000 homes for service families; homes which were sold in 1996 and subsequently leased back at huge cost to the taxpayer. The report estimates that the public purse is some £14.5 billion worse off as a result of the selling the properties in 1996. Setting out an overview of the background to the 2024 deal, the repurchase agreement, and plans for the future provision of Service Family Accommodation (SFA), the NAO report finds that the…
