To ask the Minister of Finance whether there are any Barnett consequentials arising from the announcement on 1 November that the UK Government would provide £1.8 billion of funding for Transport for London.

COVID funding has been provided to the Executive via 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. In that regard it is not possible to distinguish the elements of English funding which make up the guarantee until funding is reconciled to English programmes at the end of the year.

The Chancellor’s 5 November announcement included an additional £400 million, bringing the total Guarantee for the Executive to £2.8 billion.