The price is (not) right: surveying the Welsh house price boom

Posted on 1 July 2021 by Cian Sion

Today marks the end of the Land Transaction Tax (LTT) holiday in Wales. Property purchases over £180,000 will no longer qualify for the temporary tax relief worth up to £2,450. While the impact of the policy is yet to be fully evaluated, it is undeniable that the property market bears little resemblance to how it
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Local government finance: the state of play in 2021−22

Posted on 10 March 2021 by Cian Sion

This blog post sets the scene for local government as we enter a new financial year and the second year in the shadow of COVID-19.
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Spending Review 2020 – potential implications for Wales

Posted on 18 November 2020 by Guto Ifan

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
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In Charts: Covid-19 and the Welsh labour market

Posted on 16 November 2020 by Cian Sion

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.
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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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