The saving to the tax payer (due to having less data staff in colleges and a lot less at the quangos that receive this data) could be at least 15% (circa £1.5 billion) without affecting the front line (teachers, etc). It would also enable managers to spend more time on the education they provide, as opposed to the accuracy and completeness of data every other week! So this way, education benefits, and the funding could reduce! So, this is not only in the best interest of the taxpayer money wise, but also education wise, as there would be more funds available to spend on the education of students.
Reduce the data returns on Further Education colleges (information about which student is studying on which course) from 23 a year (that is one every other week!) to 2 or 3 a year.