Coalition has axed over 100 quangos

More than 150 of the 900 organisations that were in existence in May 2010 are also being merged into fewer than 70.

But the coalition has also created nine new quangos since the general election, the most significant being the Office for Budget Responsibility, which produces independent economic forecasts for the Government. Others include the Independent Commission for Aid Impact and the National Employment Savings Trust.

The influential Commons Public Accounts Committee has previously questioned Government claims the reforms will generate £2.6 billion savings, warning the figure is based on “incomplete and imprecise” information.

But Cabinet Office Minister Francis Maude insisted the scheme was on track to meet the predictions.

He said: “Instead of just talking about the reform of public bodies, this Government carried out the biggest reform in a generation.”