5. 3. Statement: The Fiscal Framework

Part of the debate – in the Senedd at 3:48 pm on 17 January 2017.

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Photo of Mark Drakeford Mark Drakeford Labour 3:48, 17 January 2017

(Translated)

Well, thank you very much to Simon Thomas for what he said about the framework and about the agreement. Of course I agree; Gerry Holtham’s work was part of that agreement between Plaid Cymru and Labour during the third Assembly—work that we could return to time and time again, and the Treasury couldn’t say anything against the work within the report. It has taken a decade, as Simon Thomas said, but we could refer back to Gerry Holtham’s work every time in discussions with the Treasury. I don’t think I am saying anything out of turn here in saying that, in the first meeting, the Treasury wasn’t particularly open to discussing Barnett at all. That was just on the margins of what we were discussing. But, having gone through the process, and with the report and Gerry Holtham’s work and that of the people who have built on his work following the report, that was vitally important in the discussions with the Treasury.

Simon Thomas raised the question of where we’re going to get those independent viewpoints and opinions in future. Well, there's more than one way of getting that information. We can turn to the OBR, as I said before the Finance Committee. We can do what they already do in Scotland, or we can have another system that is appropriate for us in Wales—I'm still open to discussing the possibilities. I am going to go to Scotland at the end of this week, and I’ll have an opportunity there to discuss with the Minister for finance in Scotland and those people who advise them in that new situation in Scotland. I agree with Simon Thomas that, whatever we’re going to do in future, it will be important for us to be able to have information and advice that flows from one year to the next and not just have one person doing it one year, and someone else doing it the next. So, whoever is going to do it, I agree with what he said about the importance of having advice that does flow from one year to the next.