Pre-Budget Report
02 December 2004
In Spending Review 2004, the Chancellor asked Sir Michael Lyons to conduct a study into the management of public sector assets and how the current asset management regime might be improved to secure further efficiency savings and achieve the Government’s objective of £30 billion of assets sales by 2010. Sir Michael published his findings and recommendations in ‘Towards Better Management of Public Sector Assets – A Report to the Chancellor of the Exchequer’ on 2 December 2004.
He confirmed that the Government’s objective of £30 billion of asset sales was challenging but achievable. However, the public sector will need to ‘raise its game’ if it is to be sure of meeting that challenge.
Sir Michael’s conclusions and recommendations for improved asset management are available below in the Adobe Acrobat Portable Document Format. If you do not have Adobe Acrobat installed on your computer, you can download the software free of charge from the Adobe website . For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page .
The Government welcomes Sir Michael’s report and will be taking forward the implementation as part of the Efficiency Programme.
Printed copies of the Lyons public sector assets management report to the Chancellor are available from:
Correspondence and Enquiry Unit
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ
Tel: 020 7270 4558
Fax: 020 7270 4861
Email: ceu.enquiries@hm-treasury.gov.uk
