Finance



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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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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Assembky Chamber

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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