Wednesday, August 25, 2010

EU Procurement Benefits - Where Do They Come From?

The annual economic benefit of the EU's public procurement structure is estimated to be £60 billion across the whole community. Given that the UK represents 13% of EU GDP, a back of envelope calculation puts Britain's annual share of EU public procurement benefit at £8 billion.

Assuming that this is correct, the saving represents almost a month of the cost of running the Department of Health.

Over the next week, dotgovdotuk will look more closely at the cost and benefit of EU public procurement rules. To get started, we went back to basics. If you fancy testing your knowledge on this topic, why not spend 2-3 minutes and take a quiz. If you're up for the challenge, follow this link. Good luck!

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