Baroness Wilcox of Newport
Main Page: Baroness Wilcox of Newport (Labour - Life peer)Department Debates - View all Baroness Wilcox of Newport's debates with the HM Treasury
(2 days, 5 hours ago)
Lords ChamberI am grateful to the noble Lord for his question. The Welsh Government settlement for 2025-26 is the largest in real terms of any since devolution. The Welsh Government are receiving £21 billion in 2025-26, including an additional £1.7 billion for the operation of the Barnett formula, with £1.5 billion resource spending and £250 million in capital. On the noble Lord’s second question, the Chief Secretary has a very good working relationship with the Welsh Government’s Cabinet Secretary for Finance and spoke to him on the morning of the Budget. The Chief Secretary also met the devolved government Finance Ministers in person on 3 October for the most recent finance Interministerial Standing Committee.
My Lords, the Minister in the Welsh Government said after the Budget:
“It is clear the Chancellor is listening to what Wales needs. I look forward to working with the UK Government on our other priorities”.
Can my noble friend confirm the strength of that renewed working relationship after what we have experienced for the past 14 years?
I am grateful for my noble friend’s question; it is gratifying to hear what she says. As I said, the Welsh Government settlement for 2025-26 is the largest in real terms since devolution, and Treasury Ministers are in regular and constant contact with their counterparts in Wales and the other devolved Administrations.