Debates between Lord Khan of Burnley and Lord Hain during the 2024 Parliament

Shared Prosperity Fund: Wales

Debate between Lord Khan of Burnley and Lord Hain
Wednesday 4th December 2024

(2 weeks, 6 days ago)

Lords Chamber
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Lord Khan of Burnley Portrait Lord Khan of Burnley (Lab)
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I thank the noble Lord. As I said to the noble Baroness, Lady Smith, we are having discussions with all counterparts. However, it is important to recognise that people in Wales will have a huge say on how that money will be invested in terms of local growth, businesses and working together in partnership.

Lord Hain Portrait Lord Hain (Lab)
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My Lords, I associate myself with my noble friend Lady Wilcox’s question, including her congratulations for our magnificent Welsh women footballers. Does the Minister agree that the previous Conservative Government penalised Wales massively, including by pretending that the shared prosperity fund could somehow substitute for European Union economic funding? Taken together, the £243 million loss of rural EU funding and the £772 million shortfall in EU structural funds add up to more than £1 billion. So much for making Brexit work; for Wales, it has been absolutely disastrous.