Fort Kinnaird: Sales

Treasury written question – answered on 3rd July 2018.

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Photo of Tommy Sheppard Tommy Sheppard Shadow SNP Spokesperson (Cabinet Office), Shadow SNP Spokesperson (Scotland), Shadow SNP Spokesperson (House of Lords)

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 26 June 2018 to Question 156466, on Fort Kinnaird: Sales, in what ways the revenue from the sale of the Crown Estate’s interest in Fort Kinnaird is planned to be used for the benefit of the UK as a whole.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

The Crown Estate’s revenue surplus, including any from the sale of Fort Kinnaird, is passed to the UK Consolidated Fund, which funds activities across the whole of the UK. If the UK government spends more in England, then where policy areas are devolved, the Devolved Administrations will receive a population share of the funding through application of the Barnett formula, which they will be able to spend in Scotland, Wales, and Northern Ireland as they wish.

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