Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what proportion of efficiency savings she plans to require of Government departments in each year of the Spending Review Phase 2 in order to meet her planned 5% savings over this Parliament; and what assessment she has made of the potential impact of levels of efficiency savings announced in (a) her Department's policy paper entitled Fixing the foundations: public spending audit 2024-25, published on 29 July 2024 and (b) the Autumn Budget 2024 on her planned 5% efficiency savings over this Parliament.
In developing their plans for the Spending Review departments will need to find 5% savings and efficiencies against their current budgets, to help drive out waste and ensure all funding is focused on the Government’s priorities.
The Government will set out its spending plans in the multi-year Spending Review in June 2025.
The Government uses the Government Efficiency Framework to distinguish between efficiencies and savings.