THE Coalition's bonfire of the quangos over the last two years has saved £1.4 billion and is on target to save the taxpayer £2.6 billion by 2015, or £150 per household, Francis Maude, the Cabinet Office minister, announced.
So far, 106 public bodies have been closed with another 150 merged into 70. The aim over the next three years is to cut Britain's quangocracy by a total of more than 300 bodies.
"In 2010, we inherited a bloated quangocracy that had spiralled out of control," explained Mr Maude. "Not only were these unaccountable bodies costing the taxpayer billions but they were duplicating bureaucracy."
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