Welfare Reform and Work Bill

Explanatory Notes

Financial implications of the Bill

164 The Bill is expected to make significant savings to public expenditure.

165 HM Treasury and relevant Departments are considering how any additional Departmental costs arising from the provisions in this Bill will be managed within existing Budgets.

166 The loans for mortgage interest provision will create a charge on public funds.

167 Any other additional costs arising from provisions in this Bill will be funded by HM Government, and will not impact on public funds.

Prepared 16th July 2015