Question to the HM Treasury:

To ask His Majesty's Government whether they plan to re-allocate to the Welsh Government the £400 million accumulated End Year Flexibility fund consolidated out of revenue underspend between 2007 and 2011.

The End Year Flexibility fund was replaced by the Budget Exchange mechanism in 2011. For the Welsh Government, this was then replaced by the Wales Reserve in 2016 to continue to allow Welsh Government to move funding between years. The Wales Reserve limit is £350 million.

Underspends that the Welsh Government are unable to manage within the Wales Reserve are returned to the Exchequer, as set out in the Consolidated Budgeting Guidance.

The Welsh Government receives around 20% more funding per person than equivalent UK Government spending in England. That translates to £3.5 billion more per year on average for the Welsh Government. It is for the Welsh Government to allocate their funding in devolved areas as they see fit.