Consultation display
Future Funding
- This consultation has completed. It ran from Tuesday, 5 May 2015 to Friday, 5 June 2015
- View the background to this consultation
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Response to the consultation
Evidence submitted in response to this Consultation
- FIN(4) FF01 Federation of Small Businesses Wales PDF 474 KB
- FIN(4) FF02 Universities Wales PDF 62 KB View as HTML (4) 15 KB
- FIN(4) FF03 The Chartered Institute of Public Finance & Accountancy PDF 120 KB View as HTML (5) 68 KB
- FIN(4) FF04 NEA Cymru PDF 615 KB View as HTML (6) 38 KB
- FIN(4) FF05 Ministerial Response PDF 87 KB View as HTML (7) 76 KB
- FIN(4) FF06 Institute for Fiscal Studies PDF 881 KB
- FIN(4) FF06a Institute for Fiscal Studies Annex A PDF 177 KB
- FIN(4) FF07 Scottish Government PDF 33 KB View as HTML (10) 9 KB
- FIN(4) FF07a Scottish Government Annex A PDF 1 MB
- FIN(4) FF07b Scottish Government Annex B PDF 3 MB
- FIN(4) FF07c Scottish Government Annex C PDF 4 MB
- FIN(4) FF08 Alan Trench PDF 104 KB View as HTML (14) 25 KB
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