Question to the HM Treasury:

To ask His Majesty's Government what discussions they have had, or plan to have, with the Welsh Government or other interested parties concerning the operation of the Barnett formula with respect to Wales.

There are currently no plans to modify the operation of the Barnett formula. The Barnett formula has stood the test of time because it is simple, efficient and provides a clear and certain outcome.

The Chief Secretary to the Treasury is in regular contact with his devolved government counterparts on matters of devolved government funding and the Barnett formula. Officials are also in regular dialogue on the operation of devolved government funding arrangements, including the Barnett formula.

Overall, the Welsh Government currently receives at least 20% more funding per person than equivalent UK Government spending in the rest of the UK. That translates into over £4 billion more in 2025-26.