Covid, confusion, and consequentials: how much funding will the Welsh Government get from the Summer Statement?

Posted on 17 July 2020 by Guto Ifan

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
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Covid-19 and the Welsh economy – what the latest indicators tell us

Posted on 22 June 2020 by Cian Sion

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.
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Funding the response to COVID-19: looking ahead to an unprecedented Supplementary Budget

Posted on 26 May 2020 by Guto Ifan

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
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The self-employed workforce in Wales

Posted on 26 March 2020 by Cian Sion

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.
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Part 1: The ‘fiscal gap’ and the Welsh economy

Posted on 7 March 2020 by Cian Sion

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.
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What do the latest population projections tell us about Wales?

Posted on 30 October 2019 by Cian Sion

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.
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Devolved taxes, the Welsh budget and a no-deal Brexit

Posted on 25 September 2019 by Cian Sion

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.
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The public sector pay bill in Wales

Posted on 24 June 2019 by Cian Sion

The public sector in Wales When economists and politicians talk about the public sector, they are referring to the part of the economy that is owned, funded or run by central or local government. This includes all levels of government administration, publicly-funded health and social care, social security, education, defence and policing. Wales has historically
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Devolving Welfare: How well would Wales fare?

Posted on 12 April 2019 by Cian Sion

As the Scottish Government prepares for the devolution of eleven welfare benefits to Holyrood, Cian Sion and Guto Ifan from the Wales Fiscal Analysis team explore the fiscal implications of devolving similar powers to Wales.
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Another small step out of austerity – before a giant leap into the unknown

Posted on 15 March 2019 by Cian Sion

Amidst the political drama of crucial Brexit votes this week, the Chancellor of the Exchequer delivered his Spring Statement on the UK’s economy and public finances. This blog post looks at what the Spring Statement and forecasts from the Office for Budget Responsibility (OBR) can tell us about future Welsh budgets and Welsh public services.
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