Anauditwouldmakepeoplerealize that, while BernieMadoffdefrauded a lot of investors for a lot of money, the Fedhasdefrauded every one of usbydestroying the valueofourmoney.
In February, the National Audit Office said HMRC had improved its value for money in 2011-12 as it began a programme to reduce annual running costs by 25% by 2014-15.
Miller insisted that it was for the BBC Trust to justify the pay-out and suggested that the National Audit Office might like to examine whether it was value for money.