In advance of the Comprehensive Spending Review, we can reveal how the Government could cut vast swathes of wasteful and unnecessary spending. A new online edition of the Bumper Book of Government Waste, published today, identifies potential savings to the tune of nearly £120 billion, a figure almost exactly equal to the current budget deficit. This equates to a massive £4,500 for each and every household in the UK - enough to give every family in the land a luxury holiday or pay their household energy bills nearly three times over.
Excellent work has been undertaken by the Cabinet Office’s Efficiency and Reform Group in terms of finding savings, but taxpayers’ cash has still been wasted in a number of ways, with significant sums ripe for being saved in many areas, including:
Our figure is almost certainly an underestimate. A rigorous assessment of the public sector efficiency commissioned by the European Central Bank found that if the UK’s bloated public sector were as efficient as that in the economies of countries like the US, Australia, and Japan, no less than £137 billion could have been saved in the last year.
In addition to the big ticket items, we have identified hundreds of examples of smaller sums being wasted. It is, however, all still taxpayers’ money and there is no excuse for waste, regardless of the amount involved. Among the culprits identified are:
Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“George Osborne must take the golden opportunity offered by the Spending Review to get the nation’s finances under control and ease the burden on taxpayers. The latestBumper Book of Government Waste shows that tens of billions of pounds are still wasted each year and there is an enormous amount of fat left in the public sector.
“If Ministers do something about it, they can give taxpayers a better deal and still provide the frontline services which people depend on the most. More money must be left in the pockets of struggling households who need it to support their own families and their own causes. They will get better value than any politician or bureaucrat.”