News story

Foreign Office budget savings

The Foreign Office has announced £55 million worth of savings as its contribution to the wider £6 billion in savings across Government.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The savings will be realised by cutting waste and inefficiency and reducing lower priority programme spend. This includes savings through:

  • reducing spend on consultancy and support functions
  • more collaborative procurement with other departments with a presence overseas, such as DFID
  • increasing asset sales in less-used parts of the FCO’s overseas estate
  • a review of the FCO’s programme spend to be led by the Foreign Secretary.

The Treasury today outlined £6.2 billion savings in an effort to tackle the UK’s record deficit in order to restore confidence in the UK economy and support the recovery.

Updates to this page

Published 24 May 2010