Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what funding his Department has allocated to Operation Kingfisher.

HM Treasury and the Bank of England have a number of economic tools at their disposal in preparation for EU exit and stand ready to deploy them as and when necessary.

Overall, the government has already made over £6.3bn available to prepare for EU exit. This includes £2 billion of core funding for departments for Brexit in 2020-21, which was confirmed in the recent Spending Round.

We continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.