Key adviser casts doubt over Tory £6bn cuts plans - papers

Scott Sinclair
clock

The man behind the Conservatives' plan to cut £6bn of public spending this year has raised doubts over whether it will be possible to make the full savings as planned by next April.

Sir Peter Gershon, who together with ex-Logica boss Martin Read, helped formulate the spending reductions which the coalition Government announced last month, warned that it would "take some time" to renegotiate contracts - one of the biggest elements of the cuts. The Treasury has pledged to save some £1.7bn simply by renegotiating existing contracts with suppliers "including immediate negotiations to achieve cost reductions from the major suppliers to government", writes the Telegraph. But Sir Peter, the efficiency adviser who previously worked for advised Gordon Brown, warned that w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read