Asked by: Baroness Shawcross-Wolfson (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what the timeframe is for the Chief Secretary to the Treasury’s review of value for money as announced in the Budget, and whether the terms of reference for this review will be published.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
The Budget confirmed that the Chief Secretary to the Treasury will lead a review of value for money across government spending. This work will build evidence and outline potential solutions for consideration at the next spending review.
The government is currently considering what further information it would be appropriate to publish and will provide an update in due course.
Asked by: Baroness Shawcross-Wolfson (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what the timeframe is for reviewing the public sector asset portfolio as announced in the Budget; who will be conducting the review; and whether the terms of reference for this review will be published.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
A Strategic Asset Review led by the Treasury, working closely with government departments, will be conducted ahead of the next spending review. As set out at Budget, it will cover opportunities to monetise assets and address barriers to disposal and commercialisation.