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' 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,

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,