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1271596

registered interest
date	16/12/2020
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
hansard heading	Public Expenditure: Wales
house id	1
legislature	25259 pref label House of Commons
question text	What recent discussions he has had with the Chancellor of the Exchequer on the application of the Barnett formula to Wales.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	910253
answer	answer is ministerial correction date of answer 16/12/2020 answer text <p>The Barnett formula delivers for Wales. It guarantees that funding per head remains at least fifteen percent higher than corresponding funding in England. The Government has provided the Welsh Government with a five billion pounds additional funding guarantee this year and an additional 1.3 billion pounds next year.</p><p> </p><p> </p> answering member constituency Monmouth answering member printed David T C Davies question first answered 16/12/2020 14:13:12 answering member 1545 label Biography information for David T C Davies
tabling member	4630 label Biography information for Ben Lake

1260293

registered interest
date	10/12/2020
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
hansard heading	Welsh Government: Borrowing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Wales, what recent discussions he has had with the Welsh Government on that Government’s borrowing limit.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	128233
answer	answer is ministerial correction date of answer 16/12/2020 answer text <p>We have provided the Welsh Government with the tools to manage its budget, including £500m of resource borrowing powers and a £350m Wales Reserve. The Welsh Government can also borrow up to £1 billion for capital investments, up to £150m each year, so far the Welsh Government has only borrowed £65m. Within the agreed limits, there are no restrictions about how the Welsh Government can use its capital borrowing powers to deliver its devolved responsibilities.</p><p> </p><p>We have provided the Welsh Government with a record £5 billion funding guarantee to help tackle coronavirus. However, it has been reported that the Welsh Government are yet to allocate £1.8 billion of this.</p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p> answering member constituency Carmarthen West and South Pembrokeshire answering member printed Simon Hart question first answered 16/12/2020 13:06:25 answering member 3944 label Biography information for Simon Hart
tabling member	4630 label Biography information for Ben Lake