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Contingencies Fund Advance

28 September 2020

Proposing MP
Jesse Norman Con
Hereford and South Herefordshire
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

The statement addresses the need for additional funding for HM Revenue and Customs in response to the COVID-19 pandemic.

Action Requested

Pending parliamentary approval, urgent expenditure will be met through a £100 million repayable cash advance from the Contingencies Fund. Further requests may be made as necessary based on OBR forecasts.

Key Facts

  • HM Revenue and Customs requires additional resources for the pandemic response.
  • Parliamentary approval is sought for an additional £100,000,000 in a Supplementary Estimate.
  • A repayable cash advance of £100,000,000 will be made from the Contingencies Fund pending parliamentary approval.
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