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 would dispute what the noble Baroness has just said—I do not recognise that picture of what is going on in Wales. Obviously, the increase in the amount of funding that will go to Wales through the Barnett formula is welcome. As I pointed out, there is more direct funding to Wales as well, such as the £80 million for port investment to support floating offshore wind developments in Port Talbot, and £160 million each over 10 years for investment zones in Cardiff city region and Wrexham and Flintshire. There is a lot going on in Wales, there is a lot to be proud of, and there is a lot for the Welsh Government to boast about.
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.
