Barnett Formula: Wales - Question

Part of the debate – in the House of Lords at 3:17 pm on 12 November 2025.

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Photo of Baroness Wilcox of Newport Baroness Wilcox of Newport Labour 3:17, 12 November 2025

My Lords, the UK Government have given the Welsh Government the largest financial settlement in the history of devolution, nearly £5 billion extra to spend on public services in the next three years—not supported in the Senedd by Plaid Cymru. Does the Minister agree that it was most positive to hear the Deputy First Minister telling the Senedd last Tuesday that Ministers had

“secured an agreement with the UK Government” to further explore the Barnett formula?

Barnett Formula

An economic mechanism used by the Treasury to adjust automatically the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales, to reflect changes in spending levels allocated to public services in England, England and Wales or Great Britain as a whole.

See http://en.wikipedia.org/wiki/Barnett_formula

Barnett formula

An economic mechanism used by the Treasury to adjust automatically the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales, to reflect changes in spending levels allocated to public services in England, England and Wales or Great Britain as a whole.

See http://en.wikipedia.org/wiki/Barnett_formula

Minister

Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.