£3.75Billion efficiency savings achieved

David Evennett, MP for Bexleyheath and Crayford, welcomed the news that Government has made £3.75 billion of cash savings in just the ten months from May 2010 to March 2011. Last year Cabinet Office Minister Francis Maude promised to leave ‘no stone unturned’ in the hunt for savings from central Government spending. The Government has done just that to save billions of pounds of taxpayer money.

The money saved includes:

• £870 million saved by cutting spending on consultants
• Nearly £500 million by spending less on temporary agency staff
• £800 million saved by negotiating better deals with suppliers
• £300 million saved from IT projects
• £90 million saved by better monitoring the properties Government rents
• £400 million saved from marketing.

Commenting on the announcement, Mr Evennett “These efficiency savings are welcome and highlight the Government’s commitment to reducing the waste and bureaucracy that resulted from 13 years of Labour. These savings are equivalent to £225 in taxes for every working household, and have been achieved by simple actions. I hope that this good work will continue”.