Public Expenditure
The question
To ask the Chancellor of the Exchequer, whether she plans to review the (a) operation and (b) adequacy of the Barnett Formula.
Answered by Darren Jones
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 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.
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