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 Lord Wilson of Sedgefield Lord Wilson of Sedgefield Lord in Waiting (HM Household) (Whip) 3:17, 12 November 2025

I thank my noble friend for that question. I like to think that all the avenues of approach he has mentioned will be looked at and discussed at the ministerial meeting at the beginning of next year. It is also important to point out that there is direct funding to Wales, which includes 160,000 workers in Wales who have benefited from a direct pay rise due to the increase in the minimum wage and the national living wage.

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