Treasury: Brexit

(asked on 6th February 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much his Department plans to spend on projects relating to the UK leaving the EU in the next five years; and if he will list the projects to which that funding has been assigned.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 12th February 2018

HM Treasury has already allocated departments nearly £700 million to prepare for Brexit: £412m for DIT, FCO and DExEU over the parliament at Autumn Statement 2016 and nearly £300m across a number of departments from the Reserve in 17/18 – HMT itself received £6m of this funding.

At Autumn Budget 2017 HM Treasury made another £3bn of additional funding available over 18/19 and 19/20 – £1.5bn in each year. We are currently working to determine HMT’s allocation for 18/19 and we are aiming to agree this soon.

Departmental allocations for 19/20 will be agreed later on in the year and decisions on funding in 20/21 and beyond will be decided at the next Spending Review.

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