Part of the debate – in the House of Lords at 3:17 pm on 12 November 2025.
Lord Wilson of Sedgefield
Lord in Waiting (HM Household) (Whip)
3:17,
12 November 2025
I think it is fair to reiterate to the noble Lord what I have already said: Wales is receiving a massive uplift in its budget via the Barnett formula. It is the biggest increase since 1998, and I think we should welcome that. As I said earlier, we are looking at the Barnett formula again, with the devolved Administrations, to find other ways we can improve it and make it work better.
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.
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.
