Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 March 2025 to Question 31991 on Public Expenditure, what the proportional target for savings and efficiencies is the 2024-25 financial year is; what the baseline year is for the five per cent target; and whether the five per cent target is before the previous two per cent reduction.

This Government launched a Spending Review last year which is taking place in two phases.

Phase 1 of that review concluded last October with departments expected to identify savings and efficiencies of 2% for 2025-26.

Phase 2 of the review will conclude this June. As part of this the Chancellor of the Exchequer has set all departments targets of identifying at least 5% savings and efficiencies by 2028-29, using 2025-26 budgets as the baseline.