Brexit & EconomyPoliticsReview to clamp down on Treasury spending

Review to clamp down on Treasury spending

The Treasury brings in big industry names to review its public expenditure

The treasury has launched a review to tackle efficiency savings in public
spending.

The Operational Efficiency Programme, launched today by Yvette Cooper chief
secretary to the treasury, hopes to deliver billions of pounds of savings across
public spending.

When launching the programme today, Cooper said: ‘The Gershon Review saved
the Government £23bn and we are on course for £30bn more savings over the next
three years. But we need to go further. The taxpayer has a right to expect value
for money, and that means the public sector has a duty to seek ever greater
efficiencies too.’

The OEP has enlisted the help of some of the industries leading figures who
will deliver their recommendations by the Budget 2009.

Former Logica chairman and British Airways non-executive Martin Read will
work on back office and IT; the chairman of Ivensys Martin Jay will lead
collaborative procurement; Standard Life chairman and former vice chairman of
Schroders Worldwide Gerry Grimstone will concentrate on asset management and
sales; and Lord Carter, who has chaired various government reviews including the
English national stadium and former member of the HM Treasury’s productivity
panel, will look at public sector property.

Commenting on the review Carter said: ‘I intend to challenge government to
raise its ambition across the full range of public sector property.’

Further reading:

Operational
Efficiency Programme

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