Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what Barnett Consequential have been calculated for the Northern Ireland Executive following the recent announcement of additional rates support for (a) retail, (b) hospitality and (c) leisure in the Autumn Budget 2024.

As a result of decisions taken at the Autumn Budget, the Northern Ireland Executive (NIE) is receiving £18.2 billion in 2025-26, including an additional £1.5 billion Barnett consequentials.

The NIE’s settlement for 2025-26 delivers a real-terms increase and is the largest in real terms of any settlement since devolution. The NIE is funded above its independently assessed relative level of need of 124% in both 2024-25 and 2025-26, including the 2024 restoration financial package.

The Block Grant Transparency publication, which sets out changes to devolved government funding in detail, will shortly be updated with changes made at Autumn Budget 2024. The most recent document was published in July 2023:

https://www.gov.uk/government/publications/block-grant-transparency-july-2023