An important speech by Douglas Carswell, the Tory MP for Somewhereorother, is covered by DK (without swearing once!).
Once upon a time there was genuine scrutiny. Indeed, as some people may know, a war was once fought over the extent to which the House was able to vote to approve supply and Government moneys. However, this House has slowly but definitely lost its power to oversee how the Executive spend our money. The quango state, on which the PAC produces so many of its reports, is in effect beyond budgetary scrutiny. Retrospective audit on the PAC is pretty much all that is left.
Read the whole thing.