The 43 forces in England and Wales have been told to reduce spending by £2.4 billion by 2015 after cuts of 20 per cent by the Government to police authorities.
Forces have so far identified economies of £2.1 billion, leaving a shortfall of £300 million. The Metropolitan Police accounts for £233 million of this.
In its latest report, the HMIC said forces had managed to achieve the first round of cuts without appearing to affect their service to the public so far, but added that it was worried about the ability of three forces to cope with reduced budgets.
"The Metropolitan Police Service is considered a particular concern because of its outstanding savings requirement, its performance issues and not least the fact that it accounts for one-quarter of police spending."
The criticism of the Met's forward planning follows the recent arrival of Bernard Hogan-Howe as Commissioner following the resignation of Sir Paul Stephenson and the appointment of Stephen Greenhalgh as the London Mayor's Deputy Mayor for Policing. O'Connor said: "There has been a pause because of all the changes at the top of the Met, executive and politically, and the Olympics.
"That combination has paused things, so we've got £233 million to find, they make up the bulk of the outstanding money to be found nationally.
"The second thing is they've had performance issues. Crime has been bubbling up and down for them and their satisfaction levels are not satisfactory, they're low, so they've got limited timescales and a lot to do."
O'Connor said that Lincolnshire had a low cost base and covered a large geographical area, while Devon and Cornwall had been making savings for years before the latest spending cuts were ordered.
Paul McKeever, chairman of the Police Federation, said the report revealed "the smokescreen that some forces are saying the frontline is not affected by moving officers from important functions elsewhere. Whichever way you cut it, the resilience of the police service to be able to react to whatever is thrown at it is being threatened."
Chief Constable Steve Finnigan, of the Association of Chief Police Officers, said: "In a service where 80 per cent of our budgets are spent on pay, we will continue to see reductions in police officer and police staff numbers across the country, and all forces will work very hard to mitigate the impact of such significant reductions in the number of our people."
Thinning the line
£2.4 billion to be cut
32,400 staff to go by 2015
6 per cent of frontline staff to go
264 front counters in stations to close
- Independent