Budget 2025: Departments told to find extra £4.9bn in efficiencies
26 Nov Finance

Budget 2025: Departments told to find extra £4.9bn in efficiencies

New target follows near-£14bn efficiencies committed to for SR25 period
by Tevye Markson
OBR chair Richard Hughes quits over Budget-document bungle
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OBR chair Richard Hughes quits over Budget-document bungle
Union sounds alarm on Valuation Office Agency ‘integration’ with HMRC
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Budget 2025: Overhauled spending control and accountability framework to 'drive better value for money'
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Budget 2025: Overhauled spending control and accountability framework to 'drive better value for money'
OBR chair predicts 'challenging' 2025 Spending Review for departments
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Richard Hughes tells MPs that unprotected departments will be facing real-terms cuts of 1% towards the end of the decade
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OBR chair says frontloading of departmental spending allocations is "remarkable"
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Departments will need to “carefully consider the trade-offs required to afford pay awards”
Budget: Capital budget rules change as Treasury unveils new fiscal framework
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Departments will get five-year capital budgets, extended every two years at regular spending reviews
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Total departmental spending will rise by an average of 1.5% a year over the next five years, chancellor announces, with higher rises in the next two years
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Ex-chancellor says watchdog's impartiality – and that of the civil service – is at risk in letter to cabinet secretary
Reinstate outcome delivery plans to improve spending decisions, NAO says
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Spending watchdog calls for changes to “incentives and behaviours” around planning and spending ahead of SR2025
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UK Infrastructure Bank will be rebranded as NWF, but will come with less new money
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Confirmation of commitment to rules comes as IPPR report suggests reforming them could unlock £57bn of spending
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But Reeves does not rule out cuts to individual departments' budgets over the course of this parliament
Government could save billions on procurement – IfG
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Report calls for end to automatic renewal of management consultancy contracts and increased transparency over spending