Jesse Norman
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Contingencies Fund Advance
Jesse Norman Excerpts
Wednesday 3rd June 2020
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(4 years, 5 months ago)
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The Financial Secretary to the Treasury (Jesse Norman)
HM Revenue and Customs will incur new expenditure in connection with the Government’s response to the coronavirus covid-19 pandemic in 2020-21.
Parliamentary approval for additional resources of £10,000,000,000 for this new expenditure will be sought in the main estimate 2020-21 for HM Revenue and Customs. Pending that approval, urgent expenditure estimated at £10,000,000,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS265]