On 25 November, the UK Government’s Spending Review will conclude. Spending decisions are likely to have wide-ranging fiscal and political implicaitons for Wales. This blog post sets out what to look out for. The initially planned multi-year exercise has been scrapped in favour of a one-year Spending Review, which will set departmental resource and capital Read more
Following the release of new labour market data last week, Jesús Rodríguez and Cian Siôn walk us through what this tells us about the pandemic’s impact on the Welsh workforce and job market. Read more
As usual, the UK Chancellor’s “mini budget” on 8 July was followed by claims, counterclaims, and confusion over the amount of additional funding for the Welsh budget. The UK government claimed, “the Summer Economic Update confirms an additional £500 million of Covid-19 funding for the Welsh Government through the Barnett formula.” Later, the Welsh Government Read more
This blog post sets out what we know so far about the impact of Covid-19 on business, the labour market, and the Welsh economy, as Welsh Government lockdown restrictions are slowly eased. Read more
Welsh Government Supplementary Budgets do not usually garner much attention. Given the momentous events since the Welsh Government published its Final Budget allocations in March, tomorrow’s supplementary budget will be different. It may perhaps be the most significant budget ‘event’ in the history of devolution. The scale of additional funding to be allocated in this Read more
As the UK Chancellor prepares to announce a package of support for self-employed workers affected by the coronavirus (Covid-19) pandemic, this short blog posts sets out key facts about the self-employed workforce in Wales. Read more
In Part 1 of this three-part series, the Wales Fiscal Analysis team present the latest estimate of the fiscal deficit and reveal what this says about the nature of the Welsh economy as part of the UK. Read more
The Wales Fiscal Analysis team share insights from the latest population projections and reveal that Wales may be on the verge of its first period of sustained population decline in nearly a century. Read more
A no-deal Brexit would affect the Welsh budget in various ways, likely reducing future growth in spending and creating extra pressures on the spending side of the budget. In this blog post, the Wales Fiscal Analysis team explore another channel through which the Welsh budget may be affected by a no-deal Brexit – through the effect on devolved tax revenues. Read more