Lexis®Library update:
Ministry of Justice spending
The were no changes made to the day-to-day resources spending (excluding depreciation) on the MoJ in comparison to the Autumn Statement 2022:
• 2021–22 outturn: £8.5bn—no change
• 2022–23: £9.4bn—no change
• 2023–24: £9.8bn—no change
• 2024–25: £10bn—no change
The following changes were made to the amount of departmental capital investment on the MoJ in comparison to the Autumn Statement 2022:
• 2021–22 outturn: £1.4bn—no change
• 2022–23: £1.5bn—decreased by £0.2bn from the planned expenditure of £1.7bn
• 2023–24: £2.3bn—no change
• 2024–25: £1.8bn—£0.3bn increase from £1.5bn
In the Autumn Statement 2022, the MoJ’s capital budget is envisaged to increase from £1.5bn in 2022–23 to £1.8bn in 2024–25, an increase of £0.3bn (16%).
Unclaimed balances
It was announced that, in respect of civil claims where funds paid into the Court Funds Office remain unclaimed for 30 years or more, the government is going to introduce a time limit. After 30 years, the right to claim will be extinguished and the funds will be returned to the Exchequer.
Sources:
• Spring Budget 2023: documents
Written by Emma Howard
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 15 March 2023 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.
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