Bankers to scrutinise public sector spending to 'bring private sector into the heart of government'

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Bankers to scrutinise public sector spending to 'bring private sector into the heart of government'
United Kingdom Latest News,United Kingdom Headlines
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The government is braced for difficult decisions as it said all spending must contribute to its stated aims or it won't be funded. It's the first line-by-line spending review in 17 years.

Bankers are to review state spending as part of a push to bring the private sector 'into the heart of government'. External oversight is to be incorporated into the first line-by-line spending review of government departments in 17 years. Under plans announced by the Chancellor Rachel Reeves 'every pound' of government spending will be interrogated to ensure it represents value for money.

These budget examiners will bring 'an independent' view into what spending is necessary, the government said. Other experts will be academics, from thinktanks and other parts of the private sector. All spending must contribute to the government's stated aims or it won't be funded. 'Some of these decisions will be difficult,' the government said, as spending should be stopped if it is not contributing to a priority.

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