Public Expenditure
(asked on 22nd November 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she plans to review the (a) operation and (b) adequacy of the Barnett Formula.
This question was answered on 27th November 2024
There are currently no plans to modify the operation of the Barnett formula. The Barnett formula has stood the test of time because it is simple, efficient and provides a clear and certain outcome.
The Welsh Government currently receives at least 20% more funding per person than equivalent UK Government spending in the rest of the UK. That translates into over £4 billion more in 2025-26.