Treasury written question – answered am ar 6 Chwefror 2024.
Andrew Rosindell
Ceidwadwyr, Romford
To ask the Chancellor of the exchequer, whether he has made an estimate of the interest earned on apprenticeship levy funds in each of the last three years.
Nigel Huddleston
The Financial Secretary to the Treasury
The Treasury is not able to make estimates of whether interest is earned on apprenticeship levy funds. The Apprenticeship Levy is not legally hypothecated, so revenues from the levy are paid into the Consolidated Fund.
Yes2 people think so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
