§ Mr. Matthew TaylorTo ask the Prime Minister, pursuant to his oral statement of 6 December 2000,Official Report, column 31, what was the basis for his statement concerning the costs of compulsory competitive tendering and Best Value. [142508]
§ The Prime Minister[holding answer 13 December 2000]: The net benefits of Best Value are considerably greater than those of compulsory competitive tendering (CCT). The estimates of annual savings under CCT were in the region of £500 million to £550 million per annum. Best Value aims to improve efficiency by 2 per cent. per 15W authority per annum—a total saving equivalent to £1.5 billion per year. It has only been in place since 1 April this year, but already the first Best Value reviews are revealing the very significant scope for savings which will be available to reinvest in improving services.