States savings plan costs £3.5m.
Saturday 14th September 2013, 12:15PM BST.
NEARLY £3.5m. of taxpayers’ money has been spent by the States in delivering its faltering multimillion-pound savings drive over the last two years.
The true cost of the Financial Transformation Programme includes more than £1m. to independent consultants Capita for 2011 and 2012 in ‘reward’ fees for savings.
Backbenchers fear even greater hidden costs than those revealed in the latest States accounts, which have already shown more than £2m. of taxpayers’ cash went on delivering the FTP last year.
This includes more than £1m. spent on internal States costs alone – made up of £338,000 in administration, £516,000 in programme management and executive support and £218,000 in expenses.
FTP critic Deputy Mike Hadley claimed that many of the savings were already in the pipeline without the need for outside intervention from Capita.
‘The costs of this flawed policy have never been added up,’ he said.