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Consolidated Fund (Appropriation) (No.3) Act 2007-08

Type of Bill:
Government Bill
Sponsors:
Mr Stephen Timms
HM Treasury
Lord Davies of Oldham
HM Treasury

Progress of the Bill

Bill started in the House of Commons

  1. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Last events

Act of Parliament

This Act is being prepared for publication.

Summary of the Bill

The Bill provides Parliamentary authority for funds requested by the Government. It is part of the ‘Supply Procedure’, which is how Parliament grants the Government’s requests for resources.  

There are usually two Consolidated Fund (Appropriation) Bills per year. Normally, Parliamentary approval for Government spending would next be given in December, but a third Consolidated Fund (Appropriation) Bill is needed for Parliament to approve expenditure which may be needed before December.

Key areas:
  • The Bill authorises resources required in 2008-09 for the Government’s actions to help the banking industry
  • The Bill authorises the release of money from the Consolidated Fund which is the Government’s bank account.
 

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