Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much the Welsh Government will receive in additional Barnett Formula consequential funding as a result of the most recent pay award for NHS staff in England.
The Barnett formula applies to all increases or decreases to Departmental Expenditure Limits (DEL). When UK Government departmental budgets change, the Barnett formula will apply in the usual way. Any Barnett consequentials in 2024-25 resulting from the recent pay award for NHS staff in England would be confirmed at Autumn Budget 2024 and Supplementary Estimates 2024-25.
The published Block Grant Transparency document provides a detailed breakdown of how the block grants are calculated. The most recent report was published in July 2023.