Committee demands transparency on costs and delivery of the new Office for Value for Money

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Financial Times

London

Greater London

England

United Kingdom

UK Treasury’s cost-saving unit is ‘poorly defined with a vague remit’, say MPs

A committee report into the unit found it was ‘lightly resourced’ with a ‘very short period of time to drive tangible improvements’.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

Government value for money office ‘understaffed’ and ‘poorly defined’

A report published today suggests the new department is "lightly resourced" and operating within a "very short period of time to drive tangible improvements".

Daily Express

Reach plc

Rachel Reeves humilated as value for money office could be 'waste of money'

RACHEL Reeves’ Office for Value for Money is a waste of cash, a Commons probe has found. The Chancellor launched the quango last year to ensure every pound spent was benefitting taxpayers. Chancellor Rachel Reeves’ Office for Value for Money is branded a waste of cashalamy But the Treasury select committee has delivered a scathing verdict in a fresh blow to her handling of the public finances. Its chairwoman, Labour’s Dame Meg Hillier, said MPs …

The Sun

Murdoch family

Probe delivers scathing verdict on Rachel Reeves' Office for Value for Money

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Rachel Reeves announced in October a new department to determine if government spending is value for money.

Sky News UK

Roberts family

Treasury Committee question if new Office for Value for Money is value for money

UK lawmakers have raised doubts over Chancellor of the Exchequer Rachel Reeves’ plan to cut down on wasteful spending, warning that a new efficiencies unit is understaffed and has little time to achieve its mandate.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

UK Lawmakers Warn Reeves’ Cost Savings Drive May Fall Flat

Rachel Reeves' new "value for money" office has been branded a "gimmick" that will waste taxpayers' money, MPs have said.The Commons’ spending watchdog said the Office for Value for Money (OVfM), which was created last year, seemed to be a "red herring" as it risks duplicating work already being done by a range of bodies, such as the National Audit Office.The committee’s chairman, Labour's Dame Meg Hillier, said that the OVfm is an "understaffed…

GB News

Rachel Reeves’s ‘value for money’ office branded ‘red herring’ as it risks wasting taxpayer cash on duplicated work

LABOUR’S flagship plan to drive efficiency in public spending faces questions about its value for money by an influential cross-party group of MPs.

The National

Gannett

Glasgow

Glasgow City

Scotland

Labour's 'Office for Value for Money' may be waste of money, top committee warns

The Government’s value for money advice unit is “understaffed” and “poorly defined”, according to the head of a cross-party group of MPs. The Office for Value For Money has been described as “something of a red herring” by Dame Meg Hillier, the chairwoman of the Treasury Committee, with a “vague remit” and “no clear plan to measure its effectiveness”. She made the comments as she launched a new committee report into the organisation which found …

UK Treasury’s cost-saving unit is ‘poorly defined with a vague remit’, say MPs

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