First treasury savings announced

The Treasury has released information on planned savings by department, including £230 million in DCLG, £30 million in DCMS and £83 million in DEFRA.

HM Treasury writes:
The savings for 2015-16 announced today (Thursday 4 June) are being achieved through further efficiency savings, tighter control of budgets to drive underspends in year, and driving through asset sales.

The following table breaks down savings by department, excluding receipts from Royal Mail share sales.

Department Savings (£m)
Education non-schools 450
Department of Health non NHS 200
Transport incl. King’s Cross property 545
CLG Communities 230
Business, Innovation and Skills 450
Home Office 30
Justice 249
Defence 500
Foreign and Commonwealth Office 20
Energy and Climate Change 70
Environment, Food and Rural Affairs 83
Culture, Media and Sport 30
Work and Pensions 105
HM Revenue and Customs 80
HM Treasury 7
Cabinet Office 17
Total 3,066

View the full press release

View an Institute of Fiscal studies analysis of the potential impacts of cuts

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