What's inflation to the FSA?

The business plan just announced for 2007/8 has outlined a 10.1% jump in spending, taking the organisation’s total to more than £301m. This is far off NHS territory, but elements do suggest a worrying slip in concentration. Proportionately speaking, the close-on £50m committed to IT expenditure over the next year actually dwarfs the sums being spent on digitising the health service. The question facing the FSA, as they would any bureaucracy, is also the same: is it actually going to become a better organisation for it? Having followed it through inception and growth bloat the answer h...