Question to the Wales Office:

To ask the Secretary of State for Wales, what recent discussions he has had with the Welsh Government on that Government’s borrowing limit.

We have provided the Welsh Government with the tools to manage its budget, including £500m of resource borrowing powers and a £350m Wales Reserve. The Welsh Government can also borrow up to £1 billion for capital investments, up to £150m each year, so far the Welsh Government has only borrowed £65m. Within the agreed limits, there are no restrictions about how the Welsh Government can use its capital borrowing powers to deliver its devolved responsibilities.

We have provided the Welsh Government with a record £5 billion funding guarantee to help tackle coronavirus. However, it has been reported that the Welsh Government are yet to allocate £1.8 billion of this.