Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his Department's press release, Chancellor announces £4.5 billion of measures to bring down debt, published on 4 June 2015, what efficiency savings his Department plans to make to achieve reductions of (a) £7 million from the HM Treasury budget and (b) £80 million from the HM Revenue and Customs budget.
HMRC will deliver £80m of savings in 2015-16, starting by looking at prioritising projects in their change programme, which is intended to deliver a wider transformation of HMRC's capabilities, achieve sustainable efficiency savings and improve compliance yield.
HM Treasury will reduce its net expenditure by £7m in 2015-16 through robust spending control and by seeking efficiencies across all HMT bodies.