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Written question asked by Lord Beamish (Labour) on Wednesday, 31 October 2018, in the House of Commons. It was due for an answer on Monday, 5 November 2018 (named day). It was answered by Elizabeth Truss (Conservative) on Monday, 5 November 2018 on behalf of the Treasury.


Armed Forces Covenant Fund Trust

Question

To ask the Chancellor of the Exchequer, pursuant to his oral contribution of 29 October 2018, Official Report, column 658, whether the donation of £10 million to the Armed Forces Covenant Fund Trust raises the Government commitment in perpetuity to £20 million per annum in support of the Covenant.

Answer

Pursuant to the Chancellor of the Exchequer’s oral contribution of 29 October 2018, Official Report, column 658, the £10 million to the Armed Forces Covenant Fund Trust announced at Budget 2018 is a one-off donation in 2018/19, but can be spent by the Trust over multiple years. This is in addition to the £10 million per annum in perpetuity committed by the Government in 2014 to support the Covenant.


Secondary information

Type
Written question
Reference
186240
Session
2017-19
Related items
Financial Statement
Monday, 29 October 2018
Parliamentary proceedings
House of Commons
Armed Forces Covenant Fund Trust
Monday, 5 November 2018
Written questions
House of Commons
Subjects
Finance Armed Forces Covenant Fund Trust
Link
View this Written question on www.parliament.uk