Asked by: Drew Hendry (Scottish National Party - Inverness, Nairn, Badenoch and Strathspey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his policy is on utilising the reserves in capital funding for 2024-25.
Answered by Laura Trott - Chief Secretary to the Treasury
The Reserve is used for genuinely unforeseen, unaffordable and unavoidable pressures, or certain special cases of expenditure that would otherwise be difficult to manage. Chapter 2 of Consolidated Budgeting Guidance sets out further information on the criteria for Reserve funding.
Asked by: Drew Hendry (Scottish National Party - Inverness, Nairn, Badenoch and Strathspey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his policy is on utilising the reserves in resource funding for 2024-25.
Answered by Laura Trott - Chief Secretary to the Treasury
The Reserve is used for genuinely unforeseen, unaffordable and unavoidable pressures, or certain special cases of expenditure that would otherwise be difficult to manage. Chapter 2 of Consolidated Budgeting Guidance sets out further information on the criteria for Reserve funding.
Asked by: Drew Hendry (Scottish National Party - Inverness, Nairn, Badenoch and Strathspey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will use the £1.8 billion of reserves in capital funding to increase defence funding for 2024-25.
Answered by Laura Trott - Chief Secretary to the Treasury
The Prime Minister recently set out our pledge: to increase defence spending to 2.5% of GDP by 2030. That increase starts immediately, rising each year, and will see defence spending rise to £87 billion a year by 2030/31.
This is the biggest strengthening of our defence since the Cold War, ensuring we remain by far the largest defence power in Europe. It will protect our homeland security, cements our UK leadership in NATO and create jobs in the UK.
Asked by: Drew Hendry (Scottish National Party - Inverness, Nairn, Badenoch and Strathspey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will use the £9.2 billion of reserves in resource funding to increase defence funding for 2024-25.
Answered by Laura Trott - Chief Secretary to the Treasury
The Prime Minister recently set out our pledge: to increase defence spending to 2.5% of GDP by 2030. That increase starts immediately, rising each year, and will see defence spending rise to £87 billion a year by 2030/31.
This is the biggest strengthening of our defence since the Cold War, ensuring we remain by far the largest defence power in Europe. It will protect our homeland security, cements our UK leadership in NATO and create jobs in the UK.