Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to his Department’s publication of spending over £25,000 for March 2022, what the nature was of the research carried out by (a) the Bank of England and (b) the Department for Transport for which those organisations were respectively paid (i) £580,000 and (ii) £300,000 on 22 February 2022; and if he will publish summaries of that research.

These payments are for successful bids to HMT's Economic Data Innovation Fund. The fund was announced at Budget 2020 to support the development of novel sources of economic data.

All summaries of the work carried out using these successful bids for funding are handled directly by the government bodies themselves.