Learning and Skills Council savings?

In just six years, the Learning and Skills Council has paid £54m in redundancy costs!

A Department of Education spokeswoman suggests these costs need to be put in context as representing "less than half of 1% of the total [annual budget of £11bn] and must be considered alongside estimated annual savings of around £40m which will be achieved by the current restructuring exercise."

Should the savings also be put into context as they also represent "less than half of 1% of the total [annual budget of £11bn]"!?!