Geraint Davies
Main Page: Geraint Davies (Independent - Swansea West)Department Debates - View all Geraint Davies's debates with the Cabinet Office
(4 years ago)
Commons ChamberI have regular discussions with my right hon. Friend the Chancellor on our economic response to covid-19. We have directly provided over £500 million to the self-employed in Wales on top of the £5 billion additional funding guarantee given to the Welsh Government.
As I hope the hon. Gentleman knows, there has been significant movement on the guarantee for the initial important works around Tylorstown. The rest of the funding that has been requested by the Welsh Government is the subject of a national reserve, and that has to be part of the normal estimates process. We have asked the Welsh Government to come forward with their numbers, and a decision on that will be made in due course. However, the Chief Secretary to the Treasury has already indicated that he will look favourably on an application provided it meets the necessary criteria.
The lockdown in England of course came after the firebreak in Wales, so will the Secretary of State ensure that Wales gets its full equivalent of the England lockdown through the Barnett consequential formula, so that we get our fair share of funding that can be best deployed by the Welsh Government?
The sums of money that have been already made available to the Welsh Government under the Barnett scheme are substantial. As the hon. Member knows, at least £5 billion has formed the major bulk of that. What I should also say is that, as far as the additional sums are concerned and the point he makes, the significance of doing this on a UK-wide basis is to minimise the complications and the divergences in policy between the UK Government and the Welsh Government, because that makes that even spread so much more difficult. However, the Chancellor has made available substantial sums of money in advance of the normal Barnett formula, and £1.8 billion is still being sat on by the Welsh Government and is available to spend.