Contingencies Fund Advance: National Savings and Investments Debate
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John Glen
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Contingencies Fund Advance: National Savings and Investments
John Glen Excerpts(3 years, 11 months ago)
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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]