Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of the Office for Value for Money on Government expenditure in each of the next three financial years.

The Office for Value for Money has two primary roles. First, to provide targeted interventions, working with Treasury and departments, so that value for money governs every decision government makes. Second, to recommend system reforms to ensure any changes support the government’s missions and deliver value for money.

The Office for Value for Money will be a time-limited team. Following the conclusion of the Spending Review, the Office will evaluate the effectiveness of systems reforms, and its impact on the wider spending architecture.