To ask the Chancellor of the Exchequer, what the full Barnett consequential is to Wales of the proposed Integrated Rail Plan.
In line with this responsibility, the UK Government is currently delivering an ambitious programme to upgrade Welsh railways, including through the electrification of the Severn Tunnel and building a new station at Bow Street.
The Barnett formula is applied at fiscal events when departmental budgets are set rather than being applied when departments announce how they are spending their budgets. At the recent 2021 Spending Review the UK Government provided the Welsh Government with more than £18 billion on average each year over the Spending Review period. The Welsh Government will determine how to spend this on its devolved responsibilities.