Question to the HM Treasury:

To ask His Majesty's Government, further to the Autumn Budget 2024 (HC 295), what areas of spending the Office for Value for Money will first assess.

The Office for Value for Money (OVfM) was launched as part of the Budget. This confirmed that the OVfM will advise the Chancellor and the Chief Secretary to the Treasury on decisions for Phase 2 of the Spending Review. This will include conducting an assessment of where and how to root out waste and inefficiency, undertaking value for money studies in specific high-risk areas of cross-departmental spending, and scrutinising investment proposals to ensure they offer value for money.