First round of cuts hits BIS hard
A total of 200 civil servants from the Department for Business, Innovation and Skills are taking voluntary redundancy – and that’s before the deep cuts which are set to come from the Spending Review next week.
One in 10 staff at the department are thought to have applied for the “exit scheme”, making it oversubscribed, with 300 applications so far.
George Osborne has informed at least four departments that they need to cut back on spending before the official cuts come in over the next four years.
Business Secretary Sajid Javid plans also reduce the number of offices in the department from 80, to as few as seven or eight, according to a document.
He also wants to slash the number of quangos by more than half, according to “BIS 2020: What-Why-When-How”, the internal private document.
Unlike that of some other departments, BIS funding is not ringfenced, meaning there is theoretically no limit to how far it can be cut.
The Resolution Foundation estimates the department will be cut by 53% by 2020, after already having its budget slashed by a third in the previous parliament.