Treasury written question – answered at on 11 November 2025.
Ben Lake
Plaid Cymru, Ceredigion Preseli
To ask the Chancellor of the exchequer, whether future compensation funding provided to the Welsh Government for increased National Insurance contributions costs for the public sector in Wales will cover this cost in full.
Ben Lake
Plaid Cymru, Ceredigion Preseli
To ask the Chancellor of the exchequer, pursuant to the Answer of 3 April 2025 to Question 42630 on Employers' Contributions: Welsh Government, what mechanism her Department will use to provide compensation for public services in Wales for the increase in employers’ National Insurance contribution costs after 2025/26.
James Murray
The Chief Secretary to the Treasury
The Welsh Government’s budget is growing in real terms between 2024-25 and 2028-29 and their Spending Review settlement is the largest in real terms since devolution in 1998. At Autumn Budget 2024, the Chancellor agreed to provide funding to the public sector to support with the changes to employer National Insurance.
The devolved governments received funding through the Barnett formula in 2025-26, including on this support. This is the normal operation of the funding arrangements as set out in the Statement of Funding Policy.
The current Welsh Government Spending Review settlement is the largest settlement in real terms of any since devolution.Yes1 person thinks so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
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.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
