Procurement drives UK government's £3.75bn savings
09 Aug 2011
Source: Supply Management
An independent UK audit has found that the UK central government has cut their amount spent by £3.75 billion in ten months.
Included in the overall cost reductions is more than £1.5 billion savings from changes to government procurement.
Through a combination of cutting services, re-negotiating contracts and consolidating buying power to drive down costs, the Cabinet Office was able to reduce the amount it spent between May 2010 and March 2011 by £3.75 billion. While some of the savings have previously been alluded to, the latest figures have been confirmed by an independent audit from within the Cabinet Office.
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