Will the UK government really save money by axing quangos?
The UK government has announced the reorganisation of 192 publicly funded quangos which will disappear or merge with existing organisations. This has been the largest ever reorganisation of the quango sector which is something of a grey area in the UK being funded by the UK public yet unelected. While there have been many headlines over the years regarding the remuneration packages afforded to some of these quangos there is no doubt that they do have a part to play in the UK economy.
There is concern that the UK government has taken the axe to the sector as a whole and may well have closed down, or is on the verge of closing down, a number of quangos which do actually pay for themselves. Only time will tell whether this reorganisation has been cost efficient and productivity efficient because these two elements are very different. The UK taxpayer has in many ways been kept in the dark regarding quangos in the past and maybe we only heard the relatively negative press comment and much of the good work went unreported?
However, it has to be said that with a £158 billion budget deficit there are few areas of public life and public services which will remain the same.
Share this..
Related stories
UK taxpayers lost £1bn on Royal Mail sale
14/07/2014 The privatisation of the Royal Mail could have lost UK taxpayers around £1bn, according to a select committee of MPs. Royal Mail shares were priced at 330p when 60% of the company was floated on the stock market; however these have since peaked at 663p per share, and they now stand at around 473p per share. The report was conducted by the Business, Innovation and Skills select...
Read MoreAlistair Darling plans a workmanlike budget
Alistair Darling has this weekend attempted to stamp out hopes of a giveaway budget at a time when all eyes are on the UK government ahead of the election. There is concern in some quarters that the UK government will again look to tax the rich to help the poor in what would be a highly controversial and highly politicised move. It is known that Gordon Brown would prefer Alistair Darling to inj...
Read MoreNorthern Rock chief executive took home £1.3 million last year
Gary Hoffman, the chief executive of Northern, took home £1.3 million last year placing him amongst the highest-paid civil servants in the UK. Details of his remuneration package were revealed in the report and accounts for the Northern Rock "bad bank" operation which was separated from the more profitable operations of the original Northern Rock. Even though the report and accounts also show...
Read MoreWho can you trust on taxes?
Over the last few days it has become apparent that each and every political party in the UK has plans to increase either income tax, VAT, introduce other taxes or a mixture of them all. This comes despite the fact that the Conservative party has become a focal point for criticism by the Labour Party and the Liberal Democrat party with regards to VAT and a potential rise. The truth is that no one p...
Read More