Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to paragraph 3.19 of Autumn Budget 2024, HC 295, published on 30 October 2024, what amount of consequential funding the Welsh Government will receive from the money allocated to local roads maintenance in England in 2025-26; and what comparability factor was used to calculate this level of consequentials.
The Welsh Government’s Spending Review settlement for 2025-26 is the largest in real terms of any Welsh Government settlement since devolution. The Welsh Government is receiving at least 20% more funding per person than equivalent UK Government spending in England. That translates into over £4 billion more in 2025-26 and includes £1.7 billion through the operation of the Barnett formula.
At Spending Reviews, the Barnett formula is applied to changes to each UK Government department’s overall DEL budget, rather than to individual programmes.
As set out in the addendum to the Statement of Funding Policy published on 30 October, a comparability factor of 33.5% was applied to changes to the Department for Transport’s budget to calculate Barnett consequential funding for the Welsh Government in 2025-26.
The Block Grant Transparency publication breaks down all changes in the devolved governments’ block grant funding from the 2015 Spending Review up to and including Main Estimates 2023-24. The most recent report was published in July 2023. An update to Block Grant Transparency to include Autumn Budget 2024 changes will be published in due course:
https://www.gov.uk/government/publications/block-grant-transparency-july-2023