Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:47 pm on 29 June 2016.
Last week shows us to be a politically divided country, but the economic divisions perhaps run even deeper, which may be one of the underlying reasons for the result. The financial Secretary has signalled his determination to win full financial recompense for Wales in the wake of our leaving the EU and he’s just referred to the need to revise the Barnett formula. Can I ask if he or his officials have now made an initial assessment of the financial shortfall that Wales may face? And, given the political vacuum currently, can the Welsh Government turn this to Wales’s advantage, not just in calling for the Barnett formula to be revised, but in setting out in detail the formula that they’d like to replace it with?