Decision details
Debate on Fairer Funding for Wales
Decision Maker: Plenary - Fourth Assembly
Status: Recommendations approved
Is Key decision?: Yes
Decision:
NDM4776 Jane Hutt (Vale of Glamorgan)
To
propose that the National Assembly for Wales:
Notes
the consensus across Welsh civic society that the devolved funding settlement
for Wales is no longer fit for purpose, and in support of that consensus:
a) Endorses
the Welsh Government’s goal of securing a single and coherent package of
reforms to the financial settlement for Wales and agrees that such a settlement
must include:
i) a fairer funding regime, incorporating the Holtham floor, and the wider reform
of the Barnett formula; and
ii)
devolution of borrowing powers to fund capital
investment and the right to raise capital funds;
b) Welcomes the UK Government’s commitment to take forward
financial reform for Wales;
c)
Urges an early start to substantive discussions between the Welsh Government
and the UK Government and supports the Welsh Government’s commitment to take a
constructive approach to all aspects of those discussions, including
consideration of the case for strengthened financial accountability, in line
with the recommendations of Part 2 of the Holtham
Commission report with regard to appropriate fiscal responsibilities.
The motion was agreed in accordance with Standing Order 12.36.
Publication date: 05/07/2011
Date of decision: 05/07/2011
Decided at meeting: 05/07/2011 - Plenary - Fourth Assembly