Question to the HM Treasury:

To ask the Chancellor of the Exchequer, will the 10% increase in the size of the Welsh Government's (a) annual capital borrowing limit (b) cumulative capital borrowing (c) overall limit on the size of the Wales Reserve, (d) annual limit for drawing down from the Wales reserve for day-to-day spending and (e) annual limit for drawing down from the Wales reserve for capital spending, as announced in the Autumn Budget 2025, fully restore the real terms value losses that these limits have experienced to due inflation since they were initially fixed in cash terms.

The updates to the Welsh Government’s Fiscal Framework announced at Autumn Budget 2025 increase the real value of the Welsh Government’s budget management tools.

The annual uprating of the limits from 2027-28 will maintain the real value of the Welsh Government’s capital borrowing and Wales Reserve.