Ofcom budget cut 20% this year
March 31, 2011
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”.