Jesse Norman
Main Page: Jesse Norman (Conservative - Hereford and South Herefordshire)Department Debates - View all Jesse Norman's debates with the HM Treasury
HMRC: Contingencies Fund Advance
Jesse Norman Excerpts(3 years, 6 months ago)
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The Financial Secretary to the Treasury (Jesse Norman)
Her Majesty’s Revenue and Customs will incur new expenditure in connection with the Government’s response to the covid-19 pandemic in 2021-22.
Parliamentary approval for additional resources of £7,792,000,000 for this new expenditure will be sought in a main estimate for Her Majesty’s Revenue and Customs.
Pending that approval, urgent expenditure estimated at £7,792,000,000 will be met by repayable cash advances from the Contingencies Fund.
Further requests to the Contingencies Fund may be made as necessary to fund covid-19 activity delivered by Her Majesty’s Revenue and Customs.
[HCWS945]