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<p>The settlement agreed with the EU represents a comprehensive settlement covering
all of the mutual commitments between the EU and the UK. The Chancellor was clear
in his letter to the TSC that £35-39 billion is a reasonable central estimate, as
agreed in the joint report and produced using publicly available European Commission
data. The NAO report concluded this was a reasonable estimate. The OBR estimated,
at the Spring Statement, that the settlement would be around £37bn.</p><p>With respect
to additional spending to deal with exit preparations HM Treasury has allocated over
£2 billion of additional funding to departments and the Devolved Administrations so
far. This breaks down as:</p><p>-£412m of additional funding over the spending review
period for DExEU, DIT and the FCO at Autumn Statement 2016.</p><p>-£286m of additional
funding for 17/18 (a full breakdown of which can be found in Supplementary Estimates
17/18).</p><p>-Over £1.5bn of additional funding for 18/19. A full breakdown of which
can be found in the Chief Secretary’s Written Ministerial Statement, HCWS540, laid
on the 13th March (https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/).</p><p>The
Chancellor also set aside at Autumn Statement 2017 an additional £1.5 billion for
costs in 2019-20. This money will be allocated later this year. The Chancellor was
also clear in his letter that the value of the settlement is, by its very nature,
dependent on future events and that it was not possible to put a definitive number
on it.</p>
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