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<p>As set out in the Statement of Funding Policy, the Barnett formula applies to changes
in UK Government department budgets.</p><p>The Welsh Government's existing funding
already includes Barnett consequentials on changes in overall funding provided to
the Department for Levelling Up, Housing and Communities, which is responsible for
cladding remediation in England. Most recently, Spending Review 2021 provided the
Welsh Government with the biggest annual block grants, in real terms, of any spending
review settlement since devolution in 1998.</p><p>It is for the Welsh Government to
allocate funding as it sees fit across its devolved responsibilities including tackling
unsafe cladding in residential properties in Wales.</p>
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