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The fund has publicly received speculation from officials to save £ 5.5bn

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HM Treasury will increase feedback from civil servants in the form of new plans to cut £ 5.5bn of waste.

The Department will embark on an Innovation Challenge to gather ideas from civil servants on how government can reduce and improve public services, with the winners selected this summer becoming the best ideas. to government policy. The first Innovation Challenge in 2015 received 22,000 responses with 16 measurements completed, the Treasury said.

The crisis is one of the plans announced last week, including a new committee and review of quangos, which aims to “drive equity, equity and economic growth across the state”. .

Boris Johnson has asked Chancellor Rishi Sunak to sit on the Efficiency and Value for Money Committee, which aims to ensure that agencies provide the highest quality services at the best value, with the right investment. To be made important public services “.

The prime minister gave the committee an endorsement of the 5% target set for the 2021 Spending Review to be implemented across the government, as well as reviewing measures to prevent fraud and the crime.


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Sunak said: “The current level of waste is not allowed in the government – which is why we are hesitant to invest and start a viable economy that will generate £ 5.5 billion worth of waste. The money would then be invested directly into the world’s public services for the benefit of the British people.

In terms of waste management, quangos – which separate the powers but are funded or controlled by the government – are expected to generate a total of £ 800m.

New Labor Minister Jacob Rees-Mogg asked if quangos were necessary, saying each quango would be examined to determine if it was “really necessary”.

The quango review, which begins in April, will seek to save money from better use of resources, reduced reliance on consultants, increased score, greater use similar sharing services, and benchmarking to drive efficiency.

Rees -Mogg is the deputy chairman of the Efficiency and Value for Money Committee – with Simon Clarke, the fund’s chief secretary – to meet for the first time next week.

The bulk of the £ 5.5bn projected will come from the NHS, with its implementation expected to double to 2.2% per annum; The Treasury said this would release £ 4.75 billion to be spent on key NHS facilities over the next three years.

These savings will be made through a variety of programs including diagnostic services and first line services, which have been shown to reduce the cost of admission by up to 13%, improving the need for surgical hubs, and the development of digital tools that cut time. used by NHS staff in admin functions.

The money saved will be used to fund the NHS’s first line, the Treasury said.

The announcements come ahead of the Spring State Chancellor’s speech on Wednesday, where the chancellor will reconsider his plan for the economy in response to the Office for Budget Responsibility’s new economic forecasts.

The fund has publicly received speculation from officials to save £ 5.5bn

Source link The fund has publicly received speculation from officials to save £ 5.5bn

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