The NMC's financial management and cost effectiveness should be reviewed.

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Petition Action

The NMC's financial management and cost effectiveness should be reviewed.

Petition Details

It is unclear from NMC annual reports and PSA performance reviews whether the regulator is operating effectively and efficiently from a financial perspective. The public impact and benefits of spending, including capital expenditure and remuneration are unclear using current measures.

Additional Information

During the year 2016/17 the NMC reported £86.155 million in revenue.In 2015/16 revenue totalled £80.265 million. During 2016/17 expenditure totalled £86.646 million. 2015/16 expenditure was £76.344 million. The regulator is generating more revenue and has become more expensive to run. These increases are set within a context of executive resignations, investigations by the Professional Standards Authority and failure in one of the key performance criteria set out by the PSA in 2016/17.

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