Diana Johnson – 2016 Parliamentary Question to the Department for International Trade

The below Parliamentary question was asked by Diana Johnson on 2016-10-19.

To ask the Secretary of State for International Trade, how much funding his Department has been allocated for each fiscal year of the current Spending Review period.

Greg Hands

The Department for International Trade (DIT) has been formed after spending review 2015, out of the forerunner (non-ministerial) Departments UK Trade and Investment (UKTI) and the Trade Policy Unit responsibilities previously held by the Department for Business Innovation and Skills (BIS). My Rt hon Friend the Secretary of State for International Trade also has responsibility for UK Export Finance (the Export Credits Guarantee Department), which has its own budget.

The estimated annual budgeted operating costs of the department for the next four years are currently being established and will be submitted to parliament later this financial year.