Brexit

Treasury written question – answered on 26th November 2018.

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Photo of Matthew Pennycook Matthew Pennycook Shadow Minister (Exiting the European Union)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 November 2018 to Question 185719 on Brexit and with reference to paragraph 4.111 of the OBR’s Economic and Fiscal Outlook published in October 2018, how much of the current £0.4 billion underspend estimate is within the Brexit funding pot.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

On 13 March 2018, the Treasury confirmed allocations of c.£1.6bn to departments. A full breakdown of the allocation can be found in the Chief Secretary’s Written Ministerial Statement, HCWS540, which can be found at https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/.

The Economic and Fiscal Outlook is produced by the independent Office for Budget Responsibility. As part of their fiscal forecast they take a judgement on how much departments will underspend on aggregate DEL spending. This information is available at https://cdn.obr.uk/EFO_October-2018.pdf.

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