Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions she has had with the Welsh Government on the current real terms value of their capital borrowing powers as compared with their real terms value when they were introduced.

HM Treasury ministers regularly engage with their Welsh Government counterparts, including through forums such as the Finance: Interministerial Standing Committee (F:ISC), to discuss a range of issues affecting Wales.

We remain committed to working in partnership with the Welsh Government to ensure the smooth delivery of their funding settlement.