David Eaves lauds David Cameron’s new commitment to transparent accounting.

After a brief video announcement from Prime Minister David Cameron about the importance of the event, Francis Maude, Minister of the Cabinet Office, and Tim Berners-Lee, inventor of the World Wide Web, announced that henceforth the spending data for every British ministry on anything over £25,000 (about $40,000) would be available for anyone in the world to download…

For the British Conservative Party, this is a strategic move. Faced with a massive deficit, the government is enlisting the help of all Britons to identify any waste. More importantly, however, they see releasing data as a means by which to control government spending. Indeed, Mr. Maude argues: “When you are forced to account for the money you spend, you spend it more wisely. We believe that publishing this data will lead to better decision-making in government and will ultimately help us save money.”