“When I last reported on the Efficiency Programme, nearly a year ago, I concluded that reported efficiency gains should all be treated as provisional. Since then, progress has been made in improving the robustness of how gains are measured. But many reported efficiency gains still carry a significant risk of inaccuracy.
“In this spending period, there is more to do to show that all reported gains are both genuine and sustainable. Looking further ahead the next spending period provides an opportunity to ensure that efficiency is improved across all aspects of the business.”