Welfare Reform and Work Bill

Explanatory Notes

Financial implications of the Bill

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

209 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.

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

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

Prepared 29th October 2015