The Government-owned bank also has 800 unused desks at its London HQ and more than 700 job titles.
The Bank plans to go for more desk sharing – but not till February 2020, after new technology has been rolled out.
The National Audit Office says the bank broke its own rules when it allowed 200 purchases above £25,000 to go through without being signed off.
It said up to £200,000 could have been saved on £2million of the deals, many relating to IT.
The report comes just days after the bank, under governor Mark Carney, announced changes to its expenses policy. MPs had slammed costs run up by officials, including £11,000 on a flight.
The NAO said the Bank must “transform” its central services department to meet a self-imposed £476million annual costs cap.
NAO head Amyas Morse said the BoE had “rightly recognised” its central services needed reform.
He added: “The bank should not underestimate the scale of change required.
“Improvements will only be possible if staff across the Bank are encouraged to embrace a more cost-conscious culture.”
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