Select committee: Treasury Committee
Conclusion 4
1st Report - The Office for Value for Money
Published 20 Jan 2025
Addressed to HM Treasury
Treasury Committee Work of the Office for Value for Money All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The Treasury must clarify how the OVfM will scrutinise investment proposals in the Spending Review process. This should include the criteria by which the OVfM selects investment proposals for scrutiny. The Treasury should also provide the method by which such investment proposals will be scrutinised, including the time horizon over which projected savings will be assessed. In addition, the Treasury must clarify how it will handle proposals where impact is not easy to quantify using existing economic methods. This may include spend-to-save measures. The Treasury must also clarify what scrutiny will be applied (if any) to investment proposals that are not selected for assessment by the OVfM. (Recommendation, Paragraph 19) 10 Evaluation
From: Treasury Committee, 1st Report - The Office for Value for Money (HC 521), 20 January 2025
Government response
No government response linked yet: deadline 20 March 2025, 591 days ago.