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Lord Khan of Burnley (Lab)

Speaking in the House of Lords on 4 December 2024

Debate

Shared Prosperity Fund: Wales

Contribution

My Lords, I agree with my noble friend. The previous Government made no plans for the UK shared prosperity fund past March 2025. We will extend the fund for a transitional year. Many local growth programmes, including the UK shared prosperity fund, were funded by the previous Government despite them not making adequate provision in the Budget to do so. This Government have been clear that they will take difficult but responsible decisions to fix the foundations of the country’s finances.

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