Annex A

Consultation Questions

· What are the main weaknesses in the current financial settlement for

Wales?

· How could these weaknesses be resolved?

· How will upcoming changes in relation to:

- a reserved-powers model for Wales, and the St David’s Day devolution proposals,

- Smith Commission recommendations,

Impact on future funding arrangements of the Welsh Government

· What financial and economic information is needed by the UK and Welsh Governments to provide support for future funding arrangements?

· Are there any issues the Committee should be aware of in relation to developments on the issues of convergence, underfunding and Barnett reform?

· How could a future UK Government incorporate a needs-based approach to devolved funding?

· Should the financial devolution settlements of Wales and the other devolved administrations be agreed in a co-ordinated way or as a set of bilateral agreements?

· What principles should be adopted to guide the devolution of further fiscal powers which ensure fairness and flexibility?