Public Expenditure: Value for Money Debate

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Department: HM Treasury
Tuesday 26th October 2010

(13 years, 6 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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My Lords, shortly after coming into office we cancelled £6 billion of in-year expenditure. That is the sort of rigorous approach that we will take, not only to inherited expenditure but to the management of all new contracts.

Lord Eatwell Portrait Lord Eatwell
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My Lords, is the Minister’s commitment to value for money and fairness not truly incredible when the Government are cheerfully imposing larger penalties on families with children than they are on the banks?

Lord Sassoon Portrait Lord Sassoon
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My Lords, we have introduced a fairness premium worth over £7.2 billion to support the poorest children in this spending review, and I think that that speaks for itself.