Consultation display

Future Funding

Response to the consultation

Evidence submitted in response to this Consultation

Purpose of the consultation

The Finance Committee is undertaking an inquiry into Future Funding. The arguments around fair funding for Wales have been identified in the reports of the Holtham Commission in 2010 and Silk Commission (Part 1) in 2012, there have been more recent developments across the UK which could impact on the Welsh devolution settlement.

 

The Committee’s inquiry focuses on:

  • the main weaknesses in the Welsh funding settlement and how these could be resolved;
  • How the agreement for a reserved-powers model for Wales, and the other St David’s Day devolution proposals, could impact future funding;
  • Reviewing developments on the issues of convergence, underfunding and Barnett reform highlighted in the Holtham and Silk reports;
  • The financial and economic information which the UK and Welsh Governments need to provide to support future funding arrangements.

 

The Committee welcomes your views on the following:

  • 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?

 

Invitation to contribute to the inquiry

The Committee welcomes responses in Welsh or English from both individuals and organisations and will hold oral evidence sessions in due course.

 

Submissions should be no longer than five sides of A4, with numbered paragraphs, and should focus on matters set out above. Please see guidance for those providing evidence for committees.

 

Disclosure of Information

The Assembly’s policy on disclosure of information is available; please ensure that you have considered these details carefully before submitting information to the Committee. 

Supporting documents

Contact details

Should you wish to speak to someone regarding this consultation, please use the below contact details:

Finance Committee - Fourth Assembly
Welsh Parliament
Cardiff Bay
Cardiff
CF99 1SN

Email: Contact@senedd.wales
Telephone: 0300 200 6565