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NATS debt warnings ignored

The National Audit Office today criticises the Department of Transport for ignoring warnings that its part-privatisation of National Air Traffic Services would create "crippling" levels of debt, leaving it "vulnerable to adverse events".

The DoT also spent £17 million more on advisory costs than originally estimated.

Published: Wed, 24 Jul 2002 01:00:00 GMT+01

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FT - page 3 | Guardian - page 8