Brexit

Treasury written question – answered on 9th September 2019.

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Photo of Chris Ruane Chris Ruane Shadow Minister (Wales)

To ask the Chancellor of the Exchequer, what estimate he has made of per head of population spending on contingency plans in the event of the UK leaving the EU without a deal in each (a) nation and (b) region of the UK.

Photo of Rishi Sunak Rishi Sunak The Chief Secretary to the Treasury

This Government would prefer to leave with a deal and will work in an energetic and determined way to get that better deal.

But the Treasury stands ready to provide funding to prepare for leaving without a deal. That is why the Chancellor and I have made over £2bn available for no deal preparations this year (2019-20) since taking office. All parts of the UK have benefitted from this funding, with the Barnett formula being applied in the usual way.

Should the UK leave without a deal, the Treasury will consider the appropriate response. The Government and the Bank of England have fiscal and monetary policy tools available, and are ready to respond as appropriate to support the economy should the circumstances require.

The government has already guaranteed that UK organisations who get EU programme funding will continue to do so should the EU cease to fund these organisations after exit.

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