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Business

Treasury written question – answered on 7th October 2019.

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Photo of Layla Moran Layla Moran Liberal Democrat Spokesperson (Education), Liberal Democrat Spokesperson (Digital, Culture, Media and Sport)

To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of Operation Kingfisher's (a) bailout fund and (b) administration.

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

We continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.

As such, the government has already made over £6.3bn available to prepare for EU exit. This includes £2 billion of core funding for departments for Brexit in 2020-21, which was confirmed in the recent Spending Round.

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