HM Treasury

Independent reviews

Independent reviews

This is a list of recent independent reviews. Click on the links below to view and download the documents.

Relocation: transforming where and how government works
Ian Smith was commissioned to conduct an independent review on the scope for further government relocations out of London and the South East. The report was published on 24th March 2010, alongside Budget 2010.

Review of corporate governance of UK banking industry
The Chancellor of the Exchequer, the Secretary of State for Business, Enterprise and Regulatory Reform and the Financial Services Secretary to the Treasury have asked Sir David Walker to conduct an independent review to recommend measures to improve the corporate governance of UK banks, particularly with regard to risk management.

British offshore financial centres
The Chancellor has asked Michael Foot to conduct an independent review of the long-term opportunities and challenges facing the British Crown Dependencies and Overseas Territories as financial centres, which have been brought into focus by recent financial and economic events.

Cave Review: competition and innovation in water markets (DEFRA website, opens in a new browser window)
The Chancellor and Secretary of State for Environment, Food and Rural Affairs have commissioned Professor Martin Cave to conduct a review into competition and innovation in the water markets. Professor Martin Cave published his interim report on the 18th November 2008, and his final report on the 22nd April 2009.

Caio review of barriers to investment in next generation access
The Government announced in February 2008 that Francesco Caio had been asked to lead an independent review to examine the barriers to roll-out of next-generation broadband in the UK.
Final report published 12/09/2008

Statutory regime for Issuer Liability
In October 2006 Professor Paul Davies QC, the Cassel Professor of Commercial Law at the London School of Economics was appointed by the Economic Secretary to carry out a review of the liability of issuers in respect of damage or loss suffered as a consequence of fraudulent disclosures by issuers or their managements to financial markets (including to their own shareholders or bondholders) or of failure to disclose relevant information promptly or at all.
Consultation on extending the statutory regime published 17/07/2008

The Poynter Review
The Chancellor appointed Kieran Poynter, the Chairman and Senior Partner of PricewaterhouseCoopers, to investigate the circumstances that led to the significant loss of confidential personal data on Child Benefit recipients and other recent losses of confidential data and the lessons to be learnt.
Final report published 25/06/2008

Challenges and opportunities in identity assurance
The former Chancellor asked Sir James Crosby to carry out a review of identity management. The review looks at how to maximise the economic and social advantage to the UK from having the most effective ID assurance systems and infrastructure. It reports to the Chancellor and the Home Secretary.
Final report published 06/03/2008

Thoresen Review of Generic Financial Advice
Otto Thoresen has been appointed by the Economic Secretary to the Treasury to carry out a review examining the feasibility of delivering a national approach to generic financial advice.
Final report published 03/03/2008

King Review of low-carbon cars
The Chancellor asked Professor Julia King, Vice-Chancellor of Aston University and former Director of Advanced Engineering at Rolls-Royce plc, working with Lord Nicholas Stern, to undertake an independent review to examine the vehicle and fuel technologies which over the next 25 years could help to decarbonise road transport, particularly cars.

Sir David Varney´s Review of competitiveness in Northern Ireland
Sir David Varney has been asked to conduct a further review of the Northern Ireland economy, building on his recent work and focusing on identifying measures to promote private sector investment and enhance competitiveness in Northern Ireland.

Sir David Varney´s Review of tax policy in Northern Ireland
Sir David Varney has been asked by the Chancellor to carry out a review looking at how tax policy can support growth in Northern Ireland.

The Sainsbury Review
The former Chancellor asked Lord Sainsbury to carry out a review of science and innovation policies across government in time for the comprehensive spending Review in autumn 2007.
Final report published 05/10/2007

Pomeroy Review of Christmas saving schemes
In November 2006, the Economic Secretary asked Brian Pomeroy, the Chairman of the Financial Inclusion Taskforce, to investigate the Christmas savings market to look at the reasons why people opt to use hamper schemes and similar vehicles instead of mainstream financial services products and, in the light of this, to consider how the savings needs of this group of consumers might be better met.

Lyons Inquiry into Local Government (Lyons Inquiry website)
The Chancellor, together with the Deputy Prime Minister, asked Sir Michael Lyons to consider the future funding arrangements for local government following the publication of the Government's Balance of Funding Review in 2004. The Inquiry's remit was extended in September 2005 to consider the form and function of local government. Sir Michael has published two interim reports to date on his work, in December 2005 and May 2006. His final report "Place-shaping: a shared ambition for the future of local government" is published on 21 March 2007.

Cooksey Review
The Chancellor of the Exchequer, Gordon Brown, announced on 31 March that he had appointed Sir David Cooksey to lead a review to build agreement on the best institutional arrangements for the new single fund for health research announced in the Budget. The review has reported to the Chancellor and to the Secretaries of State for Health and Trade and Industry.
Final report published 06/12/06

Gowers Review of Intellectual Property
At the Enterprise Conference on 2 December 2005, the Chancellor of the Exchequer announced that, as part of the Pre-Budget Report 2005 package, he was asking Andrew Gowers to lead an Independent Review to examine the UK’s intellectual property framework, reporting to Government in Autumn 2006. The Gowers Review of Intellectual Property launched its consultation phase with a formal call for evidence on 23 February 2006.
Final report published 06/12/06

Leitch Review of Skills
The Government announced in the 2004 Pre-Budget Report that Sandy Leitch had been asked to lead an independent review to examine the future skill needs of the UK economy. The Leitch Review of Skills has published its interim report, Skills in the UK: The long-term challenge, on 5 December 2005.
Final report published 05/12/06

Barker Review of Land Use Planning
The Government announced in the 2005 Pre-Budget Report that Kate Barker has been asked to lead an independent review of land use planning, focusing on the link between planning and economic growth.
Final report published 05/12/06

The Eddington Transport Study (DfT website)
The Eddington Transport Study is a joint HM Treasury and Department for Transport project examining the long-term links between transport and the UK’s economic productivity, growth and stability, within the context of the Government’s broader commitment to sustainable development and the environment.
Transport's role in sustaining the UK's productivity and competitiveness 01/12/06

The Hampton Review
In Budget 2004 the Chancellor asked Philip Hampton, the Chairman of J Sainsbury plc, to lead a review into regulatory inspection and enforcement with a view to reducing the administrative cost of regulation to the minimum consistent with maintaining the UK's excellent regulatory outcome.
Implementing Hampton: from enforcement to compliance 28/11/06

The Davidson Review on Implementation of EU legislation
The Chancellor, in PBR 2005, asked Lord Davidson QC to scrutinise government departments' efforts to identify aspects of UK law that have gone beyond the regulations required by the EU; and to selectively review areas of UK legislation where the EU-sourced rules are most prevalent. The review will report to the Chancellor around the time of the 2006 PBR.
Final report published 28/11/06

Stern Review on the Economics of Climate Change
The Chancellor asked Sir Nick Stern to lead a major review on the economics of climate change to understand more comprehensively the nature of the economic challenges and how they can be met, in the UK and globally.
Final report published 30/10/06

Independent Audit of Spectrum Holdings (external website)
Professor Cave published the final report of his Independent Audit of Spectrum Holdings on 5th December 2005.

The Cox Review of Creativity in Business
This review builds on the UK's strengths, and was published on the 2 December 2005. The review was commissioned by the Chancellor of the Exchequer at the time of Budget 2005 and has been led by Sir George Cox.

UK Stem Cell Initiative
The Chancellor announced the UK Stem Cell Initiative in Budget 2005. This high-level review, led by Sir John Pattison, was asked to formulate a ten-year vision for UK stem cell research. Further information can be found on the UKSCI report (DoH website) and the Government response (DH website)

Previously-published independent reviews

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