Public Expenditure: Wales

(asked on 26th October 2026) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what plans they have to review the methodology used to assess relative spending needs in Wales under the Barnett formula; and whether they will publish the evidence supporting the continued use of the existing needs-based adjustment.


Answered by
Lord Pitt-Watson Portrait
Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
This question was answered on 9th November 2026

The Fiscal Framework agreed between the UK and Welsh Government added a needs-based factor into the Barnett formula. HM Treasury regularly discusses the operation of the Fiscal Framework with the Welsh Government.

The Welsh Government continue to be funded above their independently assessed level of need in all years of the spending review.

Reticulating Splines