Live, rolling coverage of business, economics and financial markets as UK chancellor Rachel Reeves is set to reveal state of the country’s public finances
Plans for a new “Office of Value for Money” will be revealed, when chancellor Rachel Reeves addressed the Commons this afternoon.
The new Office will provide “targeted scrutiny of public spending, so that value for money governs every decision government makes,” according to an overnight release by the Treasury.
The Office will immediately begin work on identifying and recommending savings for the current financial year, while also establishing where targeted reforms of the system can ensure that poor value for money spending is cut off before it begins.
Continue reading…Live, rolling coverage of business, economics and financial markets as UK chancellor Rachel Reeves is set to reveal state of the country’s public financesPlans for a new “Office of Value for Money” will be revealed, when chancellor Rachel Reeves addressed the Commons this afternoon. The new Office will provide “targeted scrutiny of public spending, so that value for money governs every decision government makes,” according to an overnight release by the Treasury.The Office will immediately begin work on identifying and recommending savings for the current financial year, while also establishing where targeted reforms of the system can ensure that poor value for money spending is cut off before it begins. Continue reading…