Magazine article Public Finance

TSA Will Reduce Costs While Taking on More Responsibilities

Magazine article Public Finance

TSA Will Reduce Costs While Taking on More Responsibilities

Article excerpt

The watchdog for social housing is promising to cut its running costs by almost 10% in spite of taking on extra work.

Faced with the prospect of abolition under a Conservative government, the Tenant Services Authority has set out plans to reduce its annual budget in 2010/11 from £38.5m to £35m.

The TSA took over regulation of housing associations from the Housing Corporation in 2008. From April, it will also regulate local authorities with homes. At the same time, the TSA will have to meet a £1.8m bill for inspecting associations rather than the Audit Commission.

TSA chair Anthony Mayer said overall savings would be closer to 15% once the absorption of costs from the Audit Commission was factored in. 'We are leading by example by demonstrating value for money in the social housing sector for the taxpayer and government,' he added.

Shadow housing minister Grant Shapps has made it clear that both the TSA and the Homes & Communities Agency could be abolished, as part of a drive to cut quangos and regulatory bodies, if the Tories win the general election. …

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