The publication of HM Treasury’s AQUA Book, published in March, follows on from the Review of quality assurance of government analytical models, published two years ago and motivated by the problems surrounding the 2012 West Coast franchise competition (in itself a worthwhile read, by the way). Although it is not explicitly stated, I believe that the term AQUA does not refer to the light blue colour of the highlights used in the book, but to Analytical Quality Assurance. Reading it I was...
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