A recent review of the UK communications regulator’s expenditure is set to deliver a 28.2% saving on its current funding cap over a four-year period, with the bulk of the reduction to be achieved in 2011/12.
The savings are possible, says Ofcom (chief executive Ed Richards pictured), as a result of changes in legislation, reductions in the expense of administration and overheads, and changes to the approach to regulation in a number of key areas.
In reflection of the regulator’s evolving role within the current Parliamentary session, Ofcom has launched a consultation on its Annual Plan (draft accessible here: http://stakeholders.ofcom.org.uk/consultations/draftap1112/). The regulator will publish its Annual Plan at the end of March, along with details of its budget for the financial year.
Proposed priorities for the year ahead include the promotion of ‘effective and sustainable competition’ as well as the efficient use of public assets, such as the release and safeguarding of spectrum for the London 2012 Olympic and Paralympic Games.