Written Questions are submitted by MPs or Lords to receive information from a Department.
|22 Oct 2018, 3:29 p.m.||Department for Business, Energy and Industrial Strategy: Public Expenditure||Rebecca Long Bailey|
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the change has been to his Department's budget in real terms in each year since 2010; and what the projected real terms changes are for each year to 2022.
Answer (Richard Harrington)
The Department for Business, Energy and Industrial Strategy (BEIS) was created in July 2016, so its first full year budget was for the financial year 2017/18.
BEIS budgets decreased in real terms by 3.8% between 2017/18 and 2018/19.
BEIS budgets are projected to increase in real terms by 4.9% between 2018/19 and 2019/20. (2019/20 budgets are yet to be approved by Parliament so may be subject to change.)
My right hon. Friend the Chancellor of the Exchequer has confirmed that there will be a Spending Review in 2019 which will set planned departmental budgets beyond 2019/20.
Note: “BEIS budgets” refers to total Departmental Expenditure Limits, excluding depreciation, taken from the Autumn Budget 2017 publication.