Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions has he had with the Welsh Government on reviewing the Welsh Fiscal Framework.

I regularly engage with my Welsh Government counterparts on the Welsh Fiscal Framework and wider devolved government funding arrangements, including through the Finance: Interministerial Standing Committee.

At Autumn Budget 2025, the UK Government announced changes to the Welsh Government’s budget management arrangements, including a 10 per cent increase in the annual resource and capital Wales Reserve drawdown limits for 2026-27 and annual uprating of these limits in line with inflation from 2027-28. The UK Government also provided a temporary waiver of the annual drawdown limits for 2026-27.