Ministry of Justice spending
Lexis®Library update: The following changes were made to the day-to-day resources spending (excluding depreciation) on the MoJ in comparison to the Spring Statement 2022:
- 2021–22 outturn: £8.5bn—increased by £0.1bn from the planned expenditure of £8.4bn
- 2022–23: £9.4bn—£0.1bn increase from £9.3bn
- 2023–24: £9.8bn—no change
- 2024–25: £10bn—£0.1bn decrease from £10.1bn
The following changes were made to the amount of departmental capital investment on the MoJ in comparison to the Spring Statement 2022:
- 2021–22 outturn: £1.4bn—decreased by £0.1bn from the planned expenditure of £1.5bn
- 2022–23: £1.7bn—no change
- 2023–24: £2.3bn—£0.1bn increase from £2.2bn
- 2024–25: £1.5bn—£0.1bn increase from £1.4bn
In the Autumn Statement 2022, the MoJ’s day-to-day spending budget is projected to increase from £9.4bn in 2022–23 to £10bn in 2024–25, an increase of £0.6bn (6%). The MoJ’s capital budget is envisaged to decrease from £1.7bn in 2022–23 to £1.5bn in 2024–25, a reduction of £0.2bn (12%).
Retained EU Law (REUL)
Reflecting its post-Brexit policy, the government reiterated its commitment to reforming REUL. It aims to ‘move rapidly’ with its REUL review to ‘identify changes that can be made over the next year’ that have the greatest potential to drive growth. Industries expected to be prioritised include: digital technology, life sciences, green industries, financial services, and advanced manufacturing.
Sources:
• Autumn Statement 2022: documents
Written by Banita Kalia
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 17 November 2022 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.
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