Contingencies Fund Advance: National Savings and Investments Debate
Full Debate: Read Full DebateDepartment: HM Treasury
John Glen
Main Page: John Glen (Conservative - Salisbury)Department Debates - View all John Glen's debates with the HM Treasury
Contingencies Fund Advance: National Savings and Investments
John Glen Excerpts(4 years ago)
Written StatementsRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Economic Secretary to the Treasury (John Glen)
HM Treasury and the Chief Secretary to the Treasury have agreed additional resource DEL funding of £40,500,000 for National Savings and Investments to respond to covid-19 issues, build greater operational resilience and prepare for a major retendering event.
Parliamentary approval for additional resources of £40,500,000 will be sought in a supplementary estimate for National Savings and Investments. Pending that approval, urgent expenditure estimated at £40,500,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS674]