Baroness Humphreys
Main Page: Baroness Humphreys (Liberal Democrat - Life peer)Department Debates - View all Baroness Humphreys's debates with the HM Treasury
Wales: Public Services
Baroness Humphreys Excerpts(1 month, 1 week ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Livermore (Lab)
The Barnett formula is a simple and efficient way of allocating finance and has stood the test of time. As the noble Lord says, it delivers a very good deal for Wales; the higher per-person funding broadly reflects the higher cost of delivering public services in Scotland, Wales and Northern Ireland compared with England.
Baroness Humphreys (LD)
My Lords, the Barnett formula has been in existence since the 1970s, when it was introduced as a temporary measure, and has since been discredited, even by Lord Barnett himself. Does the Minister agree that the formula needs to be reformed and replaced by a new, needs-based formula that meets the new and changing demands on the devolved nations in the 21st century?
Lord Livermore (Lab)
No, I do not think I agree, and I am not sure that the formula that the noble Baroness sets out would deliver a better deal for Wales or any of the devolved Administrations. The Barnett formula has been revised recently and now includes a needs-based factor to ensure fair funding for Wales in the long term. The recent Budget delivered a very good deal for Wales: the Welsh Government settlement for 2025-26 is, as I have said, the largest in real terms of any Welsh Government settlement since devolution.