Member

The annual report and accounts will be laid in Parliament before they are made public; that usually happens in mid-July. Any future spending and repayments in future years will be reflected in the annual report and accounts in the normal way. The Treasury plans to make the ERA support package separately identifiable in the notes to the accounts, which will allow the financial impact of the scheme to be readily understandable. That will be included alongside full disclosure of the risks—for example, credit risks and market risk—associated with the ERA spending.