Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference her Department's policy paper entitled Finance: Interministerial Standing Committee – 17 October 2025, what options were discussed for enhancing the fiscal flexibilities available to devolved Governments; what elements of the operation of the Barnett formula were identified as areas which could be improved; and whether a formal review of (a) Wales's fiscal framework and (b) the operation of the Barnett Formula in Wales were discussed.

It is important that the Finance: Interministerial Standing Committee remains a space for confidential discussions between governments, so it would not be appropriate to comment on the detail of those discussions.

I look forward to continued engagement with devolved government finance ministers on a wide range of topics.