“Chancellor Rachel Reeves is proceeding with the establishment of the Office for Value for Money (OVfM) despite concerns from MPs about its effectiveness. The Treasury aims for the unit to identify £4bn in annual savings, starting with reducing the costs of housing asylum seekers and scrutinizing major government projects. However, the Treasury Select Committee has questioned the OVfM’s structure, calling it vague and understaffed. In response, the Treasury maintains that even minor budgetary improvements in large projects could yield substantial savings. The Home Office spent £2.3bn on temporary asylum accommodations last year, with local authorities contributing an additional £1.6bn. The OVfM, led by David Goldstone, will operate with a 15-member team across London and Darlington. Goldstone’s £950-a-day salary has sparked controversy, particularly as he continues to serve on other government boards, requiring him to step back from discussions related to them.”
Quotation by Nigel Holland
- Reeves aims to save £4bn annually through OVfM despite criticism of its unclear objectives.
- The OVfM will prioritize reducing asylum accommodation costs and scrutinizing government megaprojects.
- The Treasury insists the office could bring significant budgetary savings despite its small team.
- The Home Office and local authorities spent £3.9bn on temporary asylum accommodations last year.
- David Goldstone’s £950-a-day salary and multiple board roles raise concerns over conflicts of interest.