Commons Sense

House of Commons · Written Ministerial Statement

Contingencies Fund Advance

03 June 2020 · Treasury

Proposed by Jesse Norman Con Hereford and South Herefordshire

EconomyTaxation

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Written Ministerial Statement seeks parliamentary approval for an additional 10 billion for HM Revenue and Customs' Main Estimate 2020-21.
  • Pending approval, a repayable cash advance of 10 billion from the Contingencies Fund will be used urgently.
  • The statement addresses the need for additional funding for HM Revenue and Customs in response to the coronavirus pandemic.

Issue summary

The statement addresses the need for additional funding for HM Revenue and Customs in response to the coronavirus pandemic.

Action requested

Parliamentary approval is sought for an additional £10 billion for HM Revenue and Customs' Main Estimate 2020-21. Pending approval, a repayable cash advance of £10 billion from the Contingencies Fund will be used urgently.

Key facts

  • Additional funding of £10,000,000,000 is requested for HM Revenue and Customs.
  • The funds are to address new expenditure related to the coronavirus pandemic in 2020-21.
  • A repayable cash advance from the Contingencies Fund will be used pending parliamentary approval.
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