Treasury Budget statement

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