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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 30 November 2024
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Displaying 2171 contributions

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Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Okay. That is the difference: the total is part of the emergency budget review, but some of it—£223.9 million—is in this autumn budget review. Is that right?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Okay. Other colleagues may want to come in.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Right, okay.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Right. I remember that you made an estimate of different things, including this, and, actually, it is turning out better. So, this year, we do not need to worry too much about when the fiscal framework review concludes because we are basically okay for this year. Is that a fair summary?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Okay, that is a good, clear answer.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

I will stop there.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

And we are so unsure about the £191.5 million that we cannot put it in at the moment.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

I know that we have problems this year, but we are not depending on the fiscal review to fix this year’s budget.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

I go back to the technical adjustments and the IFRS 16 adjustments. I understand that operating leases did not used to be on the balance sheet and now will be as both an asset and a liability, so the net effect is nil. Does that have an impact on our borrowing limit of £3 billion?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

It does not. Will it in the future?