To ask Her Majesty’s Government what discussions they have had with ministers of the Welsh Government during the last 12 months regarding replacing, or amending, the Barnett Formula as it applies to Wales.
Answered on
11 August 2014
The Government is working closely with the Welsh Government to devolve new tax and borrowing powers through the Wales Bill. The devolution of tax powers requires an adjustment to the Welsh Government’s block grant as it will instead retain certain tax revenues. The proposed block grant adjustment mechanisms are set out in the Wales Bill Command Paper.
The Government has not had any discussions with ministers of the Welsh Government during the last 12 months regarding replacing, or amending, the Barnett Formula as it applies to Wales.
The Government position is clear: our priority remains reducing the deficit and ensuring a secure economic future for the whole of the UK.