To ask the Chancellor of the Exchequer, with reference to his statement providing an Economy Update on 26 May 2022, what the Barnett consequential for Wales is; if he plans for funds to be made available to the Welsh government; and if he will make a statement.
Answered on
6 June 2022
As the Chancellor set out in his statement to the House, in recognition of the challenges people are facing as a result of the rising cost of living, the UK Government is providing an additional £15 billion of support.
The majority of this support is being provided directly to households across the UK and is on top of the support announced in February and at Spring Statement. In addition, the Welsh Government is receiving around £25m from the Household Support Fund through the Barnett formula.
The full details of the support announced, including Barnett consequentials for the devolved administrations, were set out in the Chancellor’s statement of the 26 May and the accompanying press release.