(2 days, 3 hours ago)
Commons ChamberWe are having ongoing discussions with the Welsh Government about funding flexibilities and their fiscal framework. We will deliver our manifesto commitment to work with the Welsh Government to address the outdated fiscal framework. As the right hon. Lady knows, heavy rail infrastructure is not devolved in Wales as it is in Scotland and Northern Ireland, and the Department for Transport settlement provides a £1.1 billion cash increase to total budgets in 2025-26 compared to 2024-25.
I have regular discussions with the First Minister of Wales on a range of topics, including, of course, the autumn Budget. This Budget has delivered for Wales for the first time in a generation. The Welsh Government are receiving the largest settlement in real terms since devolution, to support public services such as the NHS. More than 100,000 workers in Wales benefit from increases in the national minimum wage and the national living wage each year.
In the Budget, the Chancellor announced that the Barnett formula would apply to funding for agriculture, rather than the devolved Governments receiving a ringfenced amount. The Farmers’ Union of Wales says that the Barnettisation of funding could lead to a cut of £146 million a year, or more than 40%. Can the Secretary of State say whether that figure is correct, and whether she believes that her Government’s Budget has shown any consideration at all for our farming communities?
I was very pleased that the Budget was able to protect the current farming budget for the next financial year, despite the difficult decisions that we had to make because the Conservative party had trashed our economy. [Interruption.]
What we did in last week’s Budget was ensure that no one would face tax rises in their payslip. We had to deal with the £22 billion black hole, but when we did so, we protected the smallest businesses and charities. We doubled the employment allowance to £10,500, meaning that 40% of employers will not pay employer national insurance contributions. Companies with four employees or fewer on the minimum wage will pay no employer NICs at all, and half of businesses that pay NICs will see no change or pay less after the Budget.
(1 month, 4 weeks ago)
Commons ChamberI welcome my hon. Friend to his seat. I had the privilege of visiting the port of Milford Haven energy cluster in Pembrokeshire with him and the Deputy Prime Minister in August. I really value the critical role that the port plays in securing the UK’s energy supply, and I am proud that the region is pioneering new green technologies. We have established Great British Energy to drive investment in those technologies, which will deliver sustainable skilled jobs in Pembrokeshire and across Wales.
Ynys Môn has a long history of clean energy production, but Tory delays on Wylfa have cost the island over 400 jobs since 2010. In March, the Secretary of State urged the UK Government to get on with delivering new nuclear power. Now that she is in power, will she back those words with a concrete plan?
I welcome the hon. Lady to her place. Our manifesto commitment to delivering new nuclear in places such as Wylfa still stands—we will do that. The Government have now completed the purchase of the Wylfa site, as she knows. We will end over a decade of inaction by the previous Government on nuclear power, as part of our wider plans to get Britain building again.