David Mowat
Main Page: David Mowat (Conservative - Warrington South)Department Debates - View all David Mowat's debates with the Wales Office
(12 years, 10 months ago)
Commons ChamberI greatly sympathise with my hon. Friend’s constituents. I have always supported the rights of businesses on late payment of commercial debt. Back in 1994, I signed an early-day motion to that effect, so I have been consistent in my support for a long time. I am happy to meet my hon. Friend to see whether there is anything I can do.
10. What recent discussions she has had with the Chancellor of the Exchequer on the funding formula for Wales.
My right hon. Friend and I have regular discussions with my right hon. Friend the Chancellor of the Exchequer on issues affecting Wales.
The Under-Secretary will know that the English regions and Wales lose out because the block grant allocation is based not on need but on Barnett. In the case of Wales, the loss is about £300 million a year. What indication can the Government give us that there will be reform?
Governments of all political complexions have recognised for many years the need for some parts of the UK to be funded differently from others. Concerns have, of course, been expressed about the Barnett formula, but the priority now is to reduce the deficit, and any changes to the system must happen once the public finances have been stabilised.