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Contingencies Fund Advance
03 June 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
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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