The problem is that of a minority of local authorities misspending public moneys for overtly or directly political purposes.
Those frauds cost some billions of pounds in terms of the money that is taken from people or misspent.
Perhaps even more worryingly, retrospective legislation may replace money that has been misappropriated, misspent or otherwise wasted.
It is not always the case, however, that administrative expenditure is misspent.
This is all money which is misspent annually.
We will consult as to what those circumstances should be, but the power is designed to recover money which has been misspent.
These jaundiced reflections of a misspent youth have no historical justification.
If we misspend it, it is not the private companies which are responsible but ourselves.
