House of Commons Financial Plan report published
4 December 2018
The Finance Committee, which has responsibility for the preparation and detailed scrutiny of the House's budgets, has today published its report on the House of Commons Medium-Term Financial Plan ahead of a Westminster Hall debate on 11 December.
The Medium-Term Financial Plan sets out the budget for the House of Commons administration over the next four financial years. The debate will provide an opportunity for Members to have their say on the House's finances and the services provided for them, ahead of the Committee finalising its advice to the House of Commons Commission on the MTFP and draft Estimates at its meeting later in December. Debates on the MTFP were a regular feature in the previous Parliament.
The Finance Committee is proposing to recommend to the House of Commons Commission in December 2018 a draft Administration Estimate for 2019/20 with a resource budget of £379.1 million and a capital budget of £241.5 million. However, the Committee asked the Commons Executive Board to review investment options, and the plans will be revised for December. The Committee's final advice to the Commission will also factor in anything coming out of the debate.