Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the Barnett consequentials are from the £3 billion green investment package.
The £3 billion green investment package will generate almost £600 million of Barnett consequentials.
As discussed with the devolved administrations, to facilitate their financial planning, we are working to provide them with the expected increase in Barnett consequentials as a result of all changes in departmental spending this year.
The Summer Economic Update therefore confirmed that we expect to provide the devolved administrations with an additional £8.9 billion of resource funding this year.