AQW 9344/17-22

Mr Andrew Muir
Alliance Party
North Down

Tabled Date: 22/10/2020
Answered On Date: 28/10/2020
Priority Written: Yes

Question:
To ask the Minister of Finance to detail the Barnett consequentials arising from the Chancellor’s announcement on 22 October 2020.

Answer:

On 9 October, the Chancellor of the Exchequer announced an extension of the Treasury Guarantee. This guarantee is designed to provide upfront COVID-19 funding, avoiding the drip-feed of Barnett consequentials following announcements of English programmes, thereby assisting the Executive to plan appropriately.

The Chancellor’s announcement included an additional £200 million, bringing the total Guarantee for the Executive to £2.4 billion.

Any Barnett Consequentials arising from the subsequent announcement on 22 October announcement will be included in the additional £200 million announced on 9 October.