Government’s new value for money tsar to be paid day rate of £950

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Government’s new value for money tsar to be paid day rate of £950

The Government’s new value for money tsar will be paid a day rate of £950.

David Goldstone will take up the position of chairman of the new Office for Value for Money, Chancellor Rachel Reeves announced during her Budget statement.

She said Mr Goldstone would “help us realise the benefits from every pound of public spending.”

He will be in post for a year and is responsible for providing advice to the Chancellor and Chief Secretary to the Treasury to save money by reforming systems and improving policy outcomes.

The role will be paid at a day rate of £950 and Mr Goldstone is expected to work a monthly average of one day a week.

It is an independent role and he is not an employee of the Treasury.

Mr Goldstone is also a non-executive director of the Submarine Delivery Agency and HS2 Ltd.

He was previously chief executive of Parliament’s Restoration and Renewal Delivery Authority and chief operating officer at the Ministry of Defence.

Mr Goldstone also oversaw the Government’s £9.3 billion investment for the 2012 Olympics, including the Olympic Park venues and infrastructure.

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