Quango bonfire will cost more than it saves: MPs

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Plans to scrap or reform 192 quangos, including the Financial Reporting Council (FRC), the Pensions Ombudsman (PO) and the Pension Protection Fund Ombudsman (PPFO), has been ‘botched' according to MPs.

The government has proposed to merge the PO and the PPFO and significantly reduce funding to the FRC, whilst around 200 other quangos will be scrapped or brought under central or local government control. However, the quango bonfire has led to badly drafted legislation, will cost more than it saves and will fail to improve accountability, according to a report published today by the Public Administration Committee (PASC). The cross-party committee, chaired by Conservative MP Bernard Jenkin, says the government must examine what these quangos are supposed to do, rather than just how th...

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