AQW 9344/17-22 Written question to the Minister of Finance
To ask the Minister of Finance to detail the Barnett consequentials arising from the Chancellor’s announcement on 22 October 2020.
Asked by Andrew Muir MLA on 22 October 2020
- Answered
- Written
- Priority
- Tabled
- 22 October 2020
- Answer due by
- 28 October 2020
- Answered
- 28 October 20206 days after tabling
- Department
- Department of Finance
- Priority question
- Yes
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.