Llinos Medi

Llinos Medi

Plaid Cymru — Ynys Môn

Speaking in the House of Commons on 7 January 2025

Debate

Crown Estate Bill [Lords]

Contribution

I will come on to answer that question and perhaps show a pragmatic way of working forward. As I said, in 2025 Wales is now experiencing a similar process of extraction of our green wealth and we cannot let this happen. As in Scotland, it is for the people of Wales to have control and derive the benefit from all profits generated from our own resources. However, the Bill makes no mention of devolving the Crown Estate to Wales despite the fact that the new investment and borrowing powers under the Bill may allow the Crown Estate to generate £100 million more a year in profits for the Treasury. None of this will be retained by the Welsh Government. In the other place, Lord Hain’s amendment, supported by Plaid Cymru, has ensured that there will be Welsh representation on the Crown Estate board. While we welcome that as a step forward it still does not address the fact that membership of the Crown Estate board is largely outside of democratic control as it is the monarch who appoints the commissioners who make investment and borrowing decisions, not Parliament or the Senedd.

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