Wales: Additional Financial Resources - Question

Part of the debate – in the House of Lords at 3:07 pm on 18th January 2023.

Alert me about debates like this

Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury 3:07 pm, 18th January 2023

My Lords, if the noble Lord is talking about levels of inflation, they have been largely driven by external factors such as Russia’s invasion of Ukraine. As I have already reassured the House, in addition to the fact that the 2021 spending review settlement was the largest since the devolution Act, it is also growing in real terms this year and over the spending review period, even taking into account that higher level of inflation.