Treasury written question – answered at on 17 December 2018.
Jonathan Edwards
Shadow PC Spokesperson (Treasury), Shadow PC Spokesperson (Transport), Shadow PC Spokesperson (Foreign Intervention), Shadow PC Spokesperson (Business, Energy and Industrial Strategy)
To ask the Chancellor of the exchequer, pursuant to the Answer of 11 October 2018 to Question 176223 on Housing Associations: Finance, whether that new spending will result in Barnett consequentials for the devolved administrations.
Elizabeth Truss
The Chief Secretary to the Treasury
UK Government departments have not been set budgets beyond the current Spending Review period. The Barnett formula will be applied in the normal way at the next Spending Review to the additional allocations to the Ministry for Housing, Communities and Local Government.
Yes1 person thinks so
No0 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
An economic mechanism used by the Treasury to adjust automatically the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales, to reflect changes in spending levels allocated to public services in England, England and Wales or Great Britain as a whole.
