Ofcom budget cut 20% this year

Ofcom is to cut its £142.5 million(€161.2m)  budget by more than 20 per cent this year in a bid to “front load” a four-year cost savings plan to meet the government’s comprehensive spending review targets.

The media and telecoms regulator’s budget will fall by £26.7 million for the year to the end of March 2012, a cut of 22.5 per cent in real terms.

Ofcom, which will have a budget of £115.8 million, said the savings will be made across a “wide range” of expenditure while “maintaining capability and effectiveness”.

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