§ Lord Kennetasked Her Majesty's Government:
What meaning they currently attach in their policies to the phrase "value for money". [HL3993]
§ The Minister of State, Cabinet Office (Lord Falconer of Thoroton)Seeking continuous improvements in the value for money of its services and activities is a key part of the modernising government agenda, and the main reason for departments producing public service agreements. Better value for money means better quality services for the customer at optimal cost to the taxpayer.