Contingencies Fund Advance

Treasury written statement – made on 19th April 2021.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Her Majesty’s Revenue and Customs will incur new expenditure in connection with the government’s response to the Covid-19 pandemic in 2021-22.

Parliamentary approval for additional resources of  £6,065,000,000  for this new expenditure will be sought in a Main Estimate for Her Majesty’s Revenue and Customs. Pending that approval, urgent expenditure estimated at  £6,065,000,000  will be met by repayable cash advances from the Contingencies Fund.

Further requests to the Contingencies Fund may be made as necessary to fund Covid-19 activity delivered by Her Majesty’s Revenue and Customs.