TSA To Cut Running Costs By £3.5 Million

The social housing watchdog plans to cut costs by about 10% during 2010-11, while doubling its remit when it takes on responsibility for regulating local authorities. The TSA will reduce its budget to £35 million – down from £38.5 million this year. The TSA has already identified £2 million in savings during its first year by reducing information technology and legal costs and by sharing office space with other Government agencies. Within its reduced budget, the TSA also intends to fund the £1.8 million programme to inspect housing associations – costs that the Audit Commission met in the past. Read the full story on the TSA website.