A report published today suggests the new department is "lightly resourced" and operating within a "very short period of time to drive tangible improvements".

British lawmakers raised doubts on Monday about whether a new Office for Value for Money - announced by finance minister Rachel Reeves as part of her plans to repair the public finances - would deliver any meaningful savings.

Rachel Reeves’s new Office for Value for Money risks wasting taxpayer funds, MPs have said. The body, a key part of the Chancellor’s plans to restore public finances, has been criticised as an “understaffed,

Rachel Reeves' new "value for money" office has been branded a "gimmick" that will waste taxpayers' money, MPs have said. The Commons’ spending watchdog said the Office for Value for Money (OVfM), which was created last year,