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 repeat that this is the largest spending review settlement received by the Northern Ireland Executive in real terms since devolution started in 1998. The Northern Ireland Executive are receiving at least 24% more per person than equivalent UK government spending in the rest of the UK, an average of £19.3 billion per year between 2026-27 and 2028-29.

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