Rachel Reeves’ value for money tsar to be paid £950 a day

The government has appointed David Goldstone as the chairman of the new Office for Value for Money, with a day rate of £950, equivalent to a £247,000 annual salary, higher than the prime minister’s. Goldstone will advise the chancellor on rooting out waste and inefficiency in public spending, overseeing high-risk areas of cross-departmental spending, and scrutinizing investment proposals to ensure value for money. Goldstone’s past involvement in projects like HS2 and the London Olympics, which exceeded initial cost estimates, raises questions about his ability to deliver on his mandate.

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