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.
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.