The budget sets out how the ombudsman service plans to gear up to resolve a forecast 27% increase in the number of disputes in the 2010/11 financial year.
This will involve the ombudsman settling a record 210,000 complaints from consumers unhappy with their treatment by financial firms. This compares with the 165,000 consumer complaints that the ombudsman expects to resolve in the current financial year - itself a 44% increase on the previous year.
The further substantial increase in the volume of new cases expected to be referred to the ombudsman in 2010/11 - rising to 190,000 - takes account of initial forecasts from the financial services industry and largely reflects the continued impact of the recession.
The ombudsman service's unit cost - its average cost of handling a case, taking all overheads into account - is forecast at £587 for the current year (2009/10) and is expected to fall by 8% to £540 in 2010/11.
This means that the total levy to be paid by the financial services industry in 2010/11 - raising 20% of the ombudsman service's funding - can be frozen at the amount levied in 2009/10. And the case fee - paid by those financial firms that have four or more disputes referred to the ombudsman service during the year, and meeting the other 80% of the ombudsman service's funding requirement - will also be held down at the previous year's rate of £500.
