To ask the Minister of Finance for his assessment of the impact of leaving the EU on Northern Ireland’s draft (i) Resource; and (ii) Capital budgets for 2021/22.

The Spending Review sets the Resource and Capital envelopes for the Executive Budget. The envelope is dependent on spending decisions made in Whitehall and it is therefore not possible to determine the precise impact of leaving the EU on the Spending Review outcome for the Executive.

However, I am disappointed by the level of replacement funding currently proposed by Treasury across a number of areas, including farm funding and the Shared Prosperity Fund. I have been engaging closely with my counterparts in Scotland and Wales who share these concerns. I will continue to press Treasury for an improved settlement that provides full replacement of EU funding lost due to leaving the EU.