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Written question asked by Mike Wood (Conservative) on Monday, 15 December 2025, in the House of Commons. It was due for an answer on Wednesday, 17 December 2025. It was answered by Chris Ward (Labour) on Friday, 19 December 2025 on behalf of the Cabinet Office.


Cabinet Office: Investment Income

Question

To ask the Minister for the Cabinet Office, with reference to page 132 of the Cabinet Office Annual report and accounts 2024-2025, published on 23 October 2025, for what reason his Department retained £90 million of dividends and returned £71 million of dividends to HM Treasury from the Crown Commercial Service.

Answer

In the spending review 2021, HM Treasury agreed that dividends received from Crown Commercial Service were to be returned to HMT and would be compensated with an annual reserve claim of up to £71 million.

In the Autumn Budget 2024, HMT approved that in 2024-25, in addition to the annual reserve claim, the Cabinet Office may retain up to £196 million in income from dividends from the Crown Commercial Service.


Secondary information

Type
Written question
Reference
99832
Session
2024-26
Subjects
Cabinet Office Investment income Treasury Crown Commercial Service
Link
View this Written question on www.parliament.uk