Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the press release entitled Government payments for communities affected by flooding, published on 6 January 2024, what the value of the Barnett Consequential is following the financial support for households flooded as a result of recent storms.

The Barnett formula will continue to apply in the usual way as set out in the published Statement of Funding Policy document. The Barnett formula is applied when departmental budgets change – not when departments announce how they are spending their budgets.

The Barnett consequentials have not yet been confirmed. Any changes would be made at Supplementary Estimates 2023-24.