On March 18 Chancellor of the Duchy of Lancaster Pat McFadden announced with great fanfare a bold “crackdown on wasteful spend” by freezing all Government Procurement Cards (GPCs) from that week to free up cash. As promised, Guido’s been keeping tabs on the pen-pushers’ expenses. Spoiler alert: the ‘crackdown’ is going as well as Labour’s mythical ‘bonfire of the quangos’…
In February, before Labour’s supposed war on waste kicked off, the Cabinet Office racked up £144,673.67 on its GPCs. In March that figure soared to a whopping £224,789.78. That’s a 55% jump in spending. Over £5,500 went on hotels alone. Not exactly penny-pinching…
McFadden insisted that GPC holders would need to reapply and justify their spending. Apparently Whitehall’s finest had no trouble passing that test. Business as usual, then…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”