5. 4. Statement: EU Funding

Part of the debate – in the Senedd at 3:52 pm on 11 October 2016.

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Photo of Nathan Gill Nathan Gill Independent 3:52, 11 October 2016

Cabinet Secretary, will you finally recognise that there is no such thing as EU funding? It is, and always has been, UK taxpayers’ money. If the British taxpayer was to give the EU this £10 note, we would get back this £5 note. It is not, and never has been, EU money. Would you please recognise that?

Also, you said in your statement that the UK Government recognises how important EU funds are to Wales in addressing economic and social disparity. Actually, I think that we all recognise how much there needs to be an immediate review of the Barnett formula to establish a fairer and more robust funding model for Wales, to ensure it is not left behind from the impending Brexit dividend. So, let’s not just have Brexit for breakfast, let’s have it for lunch and dinner, too. So, will you agree with me that a review of the Barnett formula is needed to ensure a longer lasting funding solution to Wales’s needs?