aop
ad

Treasury savings need to be audited

by Penny Sukhraj

03 Dec 2007

Parliament's spending watchdog has been urged to audit departmental and Treasury claims that efficiency savings are being achieved without cuts in service levels, a Commons Treasury Select committee said.

In a report on plans for spending, the cross-party committee of MPs was sceptical of claims made by government's Gershon review that the £21bn target for efficiency savings had been hit.

'Most investment or implementation costs necessary to achieve the savings' were excluded from the calculation, the committee said.

It remains unclear as to whether government will count the cost of implementation for the target of making an extra £30bn savings by 2010.

Further Reading:

MPs urge audit of Treasury savings

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities