Contingencies Fund Advance: National Savings & Investments Debate
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Lucy Rigby
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Contingencies Fund Advance: National Savings & Investments
Lucy Rigby Excerpts(1 day, 11 hours ago)
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The Economic Secretary to the Treasury (Lucy Rigby)
HM Treasury has agreed additional resource departmental expenditure limit and capital DEL funding for National Savings & Investments, supporting NS&I’s business transformation programme, which will see it transition to a modernised operating model, with multiple service delivery partners.
Parliamentary approval for additional resource of £40,000,000 and capital of £69,000,000 will be sought in a supplementary estimate for NS&I. Pending that approval, urgent expenditure estimated at £109,000,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS1233]