My Lords, I caught the noble Lord’s eye as he entered the Chamber because I thought he might have something to say on this. He will know that the Welsh Assembly Government commissioned the Holtham inquiry into funding in Wales. Likewise, there was the Calman inquiry in Scotland. He is right that there are a number of interlocking legislative initiatives which tie in to this proposal—the Scotland Bill is one of them. I will resist the temptation he offers to support his amendment before that Bill arrives in this House.
My Lords, given the almost universal support among candidates at the current Welsh general election, in which obviously I quickly declare an interest, for the implementation of the Holtham commission report, can we have some further indication—albeit that I welcome what has been said on West Lothian—as Holtham, son of Barnett, is perhaps even more urgent for us in terms of financial relationships between the UK Treasury and devolved Wales?
I understand the interest of the noble Lord in this matter and indeed that of many noble Lords. The truth is that we are attendant upon the first priority of this Government which is tackling the budget deficit. Funding for the devolved authorities is a major matter and the Government have listened and agreed to take note of the Holtham commission because it is very useful material on which to base a decision that is comprehensive across all devolved authorities, as indeed the noble Lord, Lord Barnett, has indicated.