Crown Estate: Wales

Lord Griffiths of Burry Port Excerpts

Monday 9th March 2026 Lords Chamber

[Lord Wilson of Sedgefield (Lab)]

Just to repeat my response to the previous question, we have to make sure that we are independent of these problems that we are facing. Rather than relying on fossil fuel, the prices of which are set internationally, we need to have home-grown green energy to ensure that we can resist these problems. I just want to point out one or two things about how we are helping people in Wales. We are cutting household energy bills, saving the average household £150. We have helped over 160,000 people with the minimum wage. We have increased pensions by 4.8%, and we have increased benefits for people out of work by 3.8%. The 700,000 pensioners in Wales are going to be better off because of this Government.

[Lord Griffiths of Burry Port (Lab)]

My Lords, when we had the misfortune of leaving the European Union, Wales lost a significant amount of money from its structural programmes. The then Government promised that that shortfall would be more than made up for; indeed, the phrase was “not a penny less”. We have been promised that that gap will be bridged from the prosperity fund, but the Welsh Government remain rather sceptical about that. Does the Minister recognise that there is a shortfall and are the Government prepared to do anything about it?

[Lord Wilson of Sedgefield (Lab)]

The best way to answer this question is to look at what we have actually done, with the spending review in 2025 and the spring forecast in 2026. The outcome of that points to additional funding, on top of the Barnett formula, et cetera, of something in the order of £1 billion to be invested in Wales. That is good for its economy and good for the people of Wales. If they want to see this continue, the best thing they can do is to vote Labour in May.