§ The Financial Secretary to the Treasury (Ruth Kelly)
Subject to Parliamentary approval of any necessary Supplementary Estimate, National Savings & Investments' Resource DEL will be increased by £11,500,000 from £156,898,000 to £168,398,000 and the administration costs limits will be increased by £11,500,000 from £156,898,000 to £168,398,000. Within the DEL change, the impact on resources and capital are as set out in the table:
Resources Capital Change 12,000,000 — New DEL 168,398,000 300,000 Of which: Voted 167,398,000 300,000 Non voted 1,000,000 —
Resources Capital Change New DEL Of which: Voted Non voted Change New DEL Of which: voted Non voted 26,724,000 226,449,000 162,625,000 63,824,000 143,500,000 149,289,000 148,989,000 300,000
The change in the resource element of the DEL arises from:an increase in Treasury administrative costs of £6,600,000funding of £9,000 from the Capital Modernisation Fund for a project on regional inequalitiesan increase of operating appropriations in aid of £10,000 for conference fees from 1 Horse Guards Roadan increase in OGC administrative costs of £4,681,000 for restructuring costs and a voluntary retirement schemean increase in OGC other current of £4,900,000 to finance changes in the accounting treatment of transactions related to the OGC residual estatea reduction in OGC operating appropriations in aid of £10,544,000 (£7,044,000 administrative A in A, £3,500,000 other current A in A)
Resources Capital Change New DEL Of which: voted Non voted Change New DEL Of which: voted Non voted 23,400,000 1,097,710,000 1,093,671,000 4,039,000 -19,141,000 62,277,000 64,277,000 1,000,000
The change in the resource element of the DEL arises from the following administration costs adjustments: a claim on the reserve of £1,600,000 in relation to team bonuses as part of the second year of Makinson trials; drawing down £22,000,000 Departmental Unallocated Provision to reflect investment in the e-Government programme; a transfer of £65,000 to the Rural Payment42WS
The increase in Resource DEL comprises of an increase of £12,000,000 in the voted element offset by a reduction of £500,000 in the non-voted element.
This will be used to cover expenditure relating to NS&I's modernisation programme, specifically the Savings Account Implementation programme and signing up to the Banking Code.
There is no change in the capital element of the DEL.