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