Wales: Additional Financial Resources Debate

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Department: HM Treasury

Wales: Additional Financial Resources

Lord Touhig Excerpts
Wednesday 18th January 2023

(1 year, 4 months ago)

Lords Chamber
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Baroness Penn Portrait Baroness Penn (Con)
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As the noble Baroness will know, the Welsh Government do not receive Barnett on HS2 spending because rail infrastructure in Wales is a reserved matter and the UK Government continue to invest in rail infrastructure in both England and Wales.

Lord Touhig Portrait Lord Touhig (Lab)
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My Lords, perhaps I can help the Minister. She might care to suggest to her right honourable friend the Secretary of State for Wales that he has a word with my noble friend Lord Murphy of Torfaen, who, when Secretary of State for Wales, working with the then Chancellor Gordon Brown, invented something called “Barnett-plus”. In truth, with a little imagination you can put as much money in as you want with Barnett.

Baroness Penn Portrait Baroness Penn (Con)
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My Lords, I believe that the fiscal framework agreed in 2016 does that, and I am sure the noble Lord will welcome the fact that the latest spending review set the largest annual block grant in real terms of any spending review since the devolution Act of 1998.