Overview

The Supply and Appropriation (Adjustments) Bill is a UK parliamentary bill that authorises additional government spending for the financial year 2022-23. It adjusts the previously approved budget to account for unforeseen expenses and new initiatives.

Description

This bill authorises an extra £71,351,000,000 in government spending for the financial year ending 31 March 2023. This sum is broken down into £60,176,000,000 for current purposes and £11,175,000,000 for capital purposes. The bill amends the Supply and Appropriation (Main Estimates) Act 2022 to reflect these changes, retrospectively from 1 April 2022. A significant portion of the additional funding is allocated to the Department for Business, Energy and Industrial Strategy, notably for the Energy Security Strategy, aimed at bolstering energy supply and supporting household energy bills.

Key Allocations:

• Department for Business, Energy and Industrial Strategy: £60,176,000,000 (primarily for energy security and support)
• HM Treasury: £11,175,000,000 (various purposes, including investment and financial assistance)

Government Spending

The bill increases total government spending by £71,351,000,000 for the 2022-23 financial year. This is a supplementary appropriation, meaning it adds to the existing budget approved earlier in the year.

Groups Affected

The bill will affect numerous groups, including:

• UK Citizens: Potentially impacted by changes to energy policy and support measures included in the Energy Security Strategy.
• Businesses: May benefit from support programmes for specific industries and initiatives to promote innovation and investment.
• Government Departments: Will receive additional funding to implement new policies and projects, particularly the Department for Business, Energy and Industrial Strategy.
• Financial Institutions: May be affected by government investment and financial assistance schemes managed by HM Treasury.

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