Wales Bill

Part of Bill Presented – in the House of Commons at 4:07 pm on 31 March 2014.

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Photo of Owen Smith Owen Smith Shadow Secretary of State for Wales 4:07, 31 March 2014

Will the Secretary of State explain how the indexation method works? Has the Treasury done any analysis on whether the Welsh people would be better or worse off if the rates were not amended at all in Wales? At the moment, that is unclear.