Magazine article Public Finance

Fixed Assets Will Be Essential to New Efficiency Drive, Says Cooper

Magazine article Public Finance

Fixed Assets Will Be Essential to New Efficiency Drive, Says Cooper

Article excerpt

Better use of public sector assets will form a vital part of the operational efficiency programme due to be launched by the Treasury within weeks, Yvette Cooper told the conference.

The chief secretary to the Treasury made it clear to delegates on June 19 that public bodies will come under growing pressure to deliver efficiency savings from their fixed assets.

The proposals form part of the next stage of the government's efficiency programme, under which public sector bodies already have to make ?30bn in cashreleasing savings over the next three financial years.

The OEP will make across-theboard savings that draw on both public and private sector expertise', the minister said. Areas under consideration include procurement, IT and back-office functions, alongside the public estate and property. …

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