Government's value for money tsar to be paid £950 a day

The government's caller worth for wealth tsar volition beryllium paid a time complaint of £950.

David Goldstone volition instrumentality up the presumption of seat of the caller Office for Value for Money, Chancellor Rachel Reeves said during her budget connected Wednesday.

She said Mr Goldstone would "help america realise the benefits from each lb of nationalist spending".

He volition beryllium successful station for a twelvemonth and is liable for providing proposal to the chancellor and main caput to the Treasury to prevention wealth by reforming systems and improving argumentation outcomes.

Budget latest: Sky News experts respond to falling lb successful aftermath of budget

Mr Goldstone is expected to enactment a monthly mean of 1 time a week.

It equates to an yearly wage of conscionable nether £50,000. If the station was afloat clip it would enactment retired astatine much than £240,000 a year.

Mr Goldstone's relation is autarkic and helium is not an worker of the Treasury.

He is besides a non-executive manager of the Submarine Delivery Agency and HS2 Ltd.

He antecedently worked arsenic main enforcement of Parliament's Restoration and Renewal Delivery Authority and main operating serviceman astatine the Ministry of Defence.

Read much from Sky News:
Pound falls sharply and semipermanent borrowing rates up
School smartphone prohibition volition not go law
Analysis: Hostile marketplace effect arsenic chancellor suffers Halloween nightmare

Mr Goldstone oversaw the government's concern of £9.3bn for the 2012 Olympics, which included the Olympic Park venues and infrastructure.