Economic Growth: Newport West

(asked on 14th March 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with Cabinet colleagues on supporting economic growth in Newport West constituency.


Answered by
Helen Whately Portrait
Helen Whately
Minister of State (Department of Health and Social Care)
This question was answered on 21st March 2022

The Chancellor regularly meets with his Cabinet colleagues to discuss economic growth across the UK.

As set out in the Levelling Up White Paper, published in February, the Government is committed to levelling up every part of the UK, including Newport West.

Additionally, the Autumn Budget and Spending Review 2021 provided both UK-wide support and targeted funding to meet local economic needs. It also provided the Welsh Government with an additional £2.5 billion per year on average through the Barnett formula over the Spending Review 2021 period, on top of its annual baseline funding of £15.9 billion, to enable further locally targeted investments.

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