Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 2 December 2025 to question 95185, what the updated average annual change in the Welsh Government’s capital budget is between 2025-26 and 2029-30; and whether that budget will increase.

As a result of decisions at Budget 2025, the Welsh Government will receive an additional £185m CDEL through the operation of the Barnett formula on top of the record settlement provided at Spending Review 2025. This will ensure the Welsh Government are funded above their independently assessed level of need in all years of the Spending Review 2025 period.