Ofcom budget cuts reduce costs to stakeholders

Communications regulator Ofcom is to slash 170 jobs as it seeks to cut its budget from almost £150m to £116m for 2011/12.

Communications regulator Ofcom is to slash 170 jobs as it seeks to cut its budget from almost £150m to £116m for 2011/12.

In a statement released on Friday, Ofcom said the cuts were the result of last year's programme to save money and reduce its burden on taxpayers and stakeholders. Stakeholders can expect to pay up to 40% less in contributions to Ofcom's upkeep, it said.

Delays in implementing some of the measures in the Digital Economy Act are helping to save money.

Ofcom has also quit activities such as digital participation, and is reviewing and prioritising its market research activity. It is refocusing its technical studies and running projects more efficiently, and has rationalised programmes, stopped contributing to its two inherited defined benefit pension plans and cut office costs.

The watchdog has also completed the shift to a new outsourced IT service provider and rationalised its server estates to cut costs and reduce its carbon footprint.

The organisation will publish its final annual plan shortly.

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