High Speed 2 Line: Finance

(asked on 11th November 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 7 November (HL1982), whether they will provide a more precise answer to the question of how much funding under the Barnett formula they estimate will go to (1) Scotland, (2) Wales, and (3) Northern Ireland as a result of the latest total for public investment in HS2.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 25th November 2024

At spending reviews, the Barnett formula is applied to changes in a department’s overall budget (at department-level) rather than to specific programmes like HS2 (at programme-level). It is for the devolved governments to allocate their funding in devolved areas as they see fit and they are accountable to the devolved legislatures for their decisions.

The Block Grant Transparency publication breaks down all changes in the devolved governments’ block grant funding since the 2015 Spending Review up to and including Main Estimates 2023-24. The most recent report was published in July 2023.

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