Efficiency reforms save £14.3bn

%VIRTUAL-SkimlinksPromo%The Government has saved taxpayers £14.3 billion through efficiencies and reforms over the past year - the equivalent of £850 for every working household in Britain - Chancellor George Osborne and Cabinet Office minister Francis Maude have announced.

The annual savings claimed by ministers are the highest since the establishment of the Government's Efficiency and Reform Group (ERG) after the 2010 general election, following a £3.75 billion save in 2010/11, £5.5 billion in 2011/12 and £10 billion in 2012/13.