Lord Livermore corrected a written answer on Office for Value for Money

14 November 2024 · Lords written answer · Treasury

Baroness Neville-Rolfe (Conservative, Life peer) asked written question HL2209 on 31 October 2024. Lord Livermore answered on 14 November 2024 for the Treasury, and Lord Livermore corrected the answer on 14 November 2024. The corrected text no longer gives the figure £250. Altogether 138 words differ between the two versions.

The question

To ask His Majesty's Government, further to the Autumn Budget 2024 (HC 295), what areas of spending the Office for Value for Money will first assess.

Original and corrected answer

Struck through: original only. Bold: correction only.

Original	Corrected
~~Ministers are employees~~ for the ~~purposes~~ of ~~Income Tax~~ and National Insurance Contributions. The normal rules for ~~employment-related benefits apply~~ to employment-related gifts, as set out in HMRC's guidance.[1] HMRC's Employment Income Manual, section EIM21715 details the exemption for small gifts costing a total of £250 or less per year to provide.[2] [1] HMRC Internal Employment Income Manual, Updated 4 November 2024, https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim20020 [2] HMRC Internal Employment Income Manual, Updated 21 August 2024, https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim21715	The Office for Value for Money (OVfM) was launched as part of the Budget. This confirmed that the OVfM will advise the Chancellor and the Chief Secretary to the Treasury on decisions for Phase 2 of the Spending Review. This will include conducting an assessment of where and how to root out waste and inefficiency, undertaking value for money studies in specific high-risk areas of cross-departmental spending, and scrutinising investment proposals to ensure they offer value for money.

Original

Corrected

~~Ministers are employees~~ for the ~~purposes~~ of ~~Income Tax~~ and National Insurance Contributions.
The normal rules for ~~employment-related benefits apply~~ to employment-related gifts, as set out in HMRC's guidance.[1]
HMRC's Employment Income Manual, section EIM21715 details the exemption for small gifts costing a total of £250 or less per year to provide.[2]
[1] HMRC Internal Employment Income Manual, Updated 4 November 2024, https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim20020
[2] HMRC Internal Employment Income Manual, Updated 21 August 2024, https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim21715

The Office for Value for Money (OVfM) was launched as part of the Budget. This confirmed that the OVfM will advise the Chancellor and the Chief Secretary to the Treasury on decisions for Phase 2 of the Spending Review. This will include conducting an assessment of where and how to root out waste and inefficiency, undertaking value for money studies in specific high-risk areas of cross-departmental spending, and scrutinising investment proposals to ensure they offer value for money.

The question and answer on the Parliament website.

Receipt

Read from	https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1738624?expandMember=true
Date read	15 October 2026
SHA-256	`574001e33ba4fed9b4f01a3aa2976bd8fe5b151d73e73ac6b58a6c27ee404c62`