Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the Barnett consequentials as a result of grant funding and loans provided by his Department to Transport for London during the covid-19 outbreak.
The UK government has agreed a £1.6 billion funding and financing package for Transport for London to protect key services. This is comprised of £1.095 billion of grant funding from the Department for Transport and a £505 million PWLB loan.
As a result of this package, the devolved administrations will receive over £200 million of additional funding: over £100 million for the Scottish Government, £65 million for the Welsh Government, and over £35 million for the Northern Ireland Executive.