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BIS claims it’s on track to save £500m

More than 3,000 jobs have been cut from the Department for Business, Innovation and Skills since 2010, according to a document released by the department.

BIS is charged with cutting around 50 per cent of its expenditure by 2014-15. According to the department’s mid-year report 2013-14, which was released on 16 December, BIS is 78 per cent of the way to achieving this.

The department has: reduced its staff; reduced the number of BIS buildings from 200 to 60; reformed its infromation and computing technologies, human resources operation and finance services; and cut the number of quangos. Its budget for 2009-10 was £1.1 billion but it must reduce to £600 million by 2014-15.

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