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The precise scale and nature of any benefits and costs to the UK, from the UK’s departure from the European Union, will depend on the UK’s future relationship with the EU.

I am, however, able to provide some detail on how much the government has spent to-date to prepare for all scenarios. In total over £4.2bn has been allocated by the government to departments and devolved administrations to prepare for EU exit since 2015.

This includes allocations of £400m at Autumn Budget 2016 and over £250m from the Reserve in 2017/18. Moreover, Autumn Budget 2017 committed an additional £3bn over 2018/19 and 2019/20. In addition, at Budget 2018, the Chancellor made available an additional £500m for 19/20.

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