Public Expenditure: Wales

(asked on 12th December 2024) - View Source

Question to the Wales Office:

To ask His Majesty's Government what representations they have received since 4 July requesting a review of the funding formula which finances the Senedd’s current and capital expenditure.


Answered by
Baroness Anderson of Stoke-on-Trent Portrait
Baroness Anderson of Stoke-on-Trent
Baroness in Waiting (HM Household) (Whip)
This question was answered on 20th December 2024

The Secretary of State for Wales regularly meets with the First Minister to discuss a variety of issues. We have recognised that Wales’s Fiscal Framework is out of date and will be working with Welsh Government to update it. We remain committed to working in partnership to ensure the smooth delivery of the funding settlement.

Autumn Budget delivered the largest settlement for Wales in real terms since devolution at £21 billion. This includes an additional £1.7 billion through the Barnett Formula.

Since 4 July, we have received one piece of correspondence asking for a review of the Barnett Formula.

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