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Spring Statement

My right honourable friend the Chief Secretary to the Treasury (Elizabeth Truss) has today made the following Written Ministerial Statement.

Making a success of EU exit is a priority for the Government and the Treasury. At the Autumn Budget 2017, my right honourable friend the Chancellor of the Exchequer (Philip Hammond) committed £3 billion over the next two financial years to helping departments and the devolved administrations to prepare. Working with colleagues across government to prioritise the essential programmes to realise the opportunities from EU exit, the Treasury has allocated funding to departments as follows in 2018-19:

This has generated the following Barnett consequentials for the devolved administrations:

This Government is committed to seeking a new future economic partnership with the European Union and this funding will help us to prepare for all eventualities. As the negotiations continue, we will need to reflect upon any progress and consider requirements accordingly. I will work with my colleagues across government to ensure these allocations achieve value for money for the taxpayer. Final allocations will be made at the 2018-19 Supplementary Estimates in early 2019.