Speeches

Nicholas Soames – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Nicholas Soames on 2015-12-04.

To ask Mr Chancellor of the Exchequer, what conditionality is attached to disbursements from the Joint Security Fund; and if he will make a statement.

Greg Hands

The Spending Review set out the allocation of the Joint Security Fund for the Ministry of Defence and the Intelligence Agencies totalling £3.5bn over 5 years.

The Joint Security Fund will be used to deliver the investments set out in the Strategic Defence and Security Review. The allocation of funding is conditional on annual spending limits that were agreed at the Spending Review. As with all public expenditure, Managing Public Money sets out how public funds must be spent, including the principles of regularity and propriety.