Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the financial package agreed by the Government, Transport for London and the Mayor of London for additional funding to support Crossrail will result in Barnett consequentials for Wales; and if he will make a statement.

The Government, the Mayor of London and Transport for London (TfL) announced on 10 December 2018 a financing package to deliver the final stages of the Crossrail project and open the Elizabeth line to passengers. The Department for Transport will provide a loan of up to £1.3 billion to the Greater London Authority (GLA). The GLA intend to repay this loan via London’s Business Rate Supplement (BRS) and from the Mayoral Community Infrastructure Levy (MCIL).

As the Government is providing a loan to the GLA, this is being treated as a long-term reprofiling of DfT’s budget. The Devolved Administrations (DAs) have been offered Barnett consequentials of the DfT reprofile and it is up to individual DAs if they take up this offer.