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Treasury Budget statement 19 February 2013

Summary

  • 44 (14%) of staff lost in four years
  • Reduced the cost of Finance processing by 20% to date (£524,000) by the introduction of Finance Shared Services
  • Through improved use of office space vacated Heywood House and saved £80,000 a year rent
  • Through centralised procurement saved just under £900,000 across Government since April 2011
  • Reduced the cost of the 2011 Census by £20,000 by compiling it over a longer period of time, and relying on less bought in resource
  • Gave away the Customs Boat, Panther, realising operating savings of £10,000 per annum
  • Centralisation and renegotiation of Insurance Premiums across Government (saving circa £100,000)
  • Renegotiation of Professional Fees within Construction Schemes via Capital Projects Unit (saving circa £500,000)
  • Improved Value for Money from Investment Management Fees (around £100,000 per annum)
  • Planned further staff losses over three years, targeting 20 to achieve 20% of staff lost overall
  • Relocation of staff within Income Tax from assessment to collection of Tax
  • Reduction of the Water and Sewerage Authority Grant of £1m per year over three years commencing 2013-14

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