L

Lord Katz (Lab)

Speaking in the House of Lords on 1 June 2026

Debate

Devolved Public Services: Funding

Contribution

I say to the noble Lord that just because something has been in existence for a long time does not mean that one necessarily has to think about reforming it as a matter of course. I inform the noble Lord, though, that the fiscal framework that has already been agreed between the UK and the Welsh Government added a needs-based factor into the Barnett formula to ensure that Wales receives fairer funding. As a result, the Welsh Government are receiving over 20% more per person than equivalent UK Government spending across the rest of the UK. The Institute for Fiscal Studies, no less, suggests that moving towards a different system, such as a needs-based system, could see the Welsh Government losing out on funding.

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