Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:56 pm on 15 March 2017.
The Scottish First Minister has said that her Government is now to seek a second independence referendum. One of the challenges she will face is that, on a stand-alone basis, Scotland is running a deficit of some 9 per cent or 10 per cent of gross domestic product, compared to 4 per cent for the UK as a whole. It’s estimated, therefore, that an independent Scotland would have to fill a fiscal hole of some £15 billion to 16 billion. Has the Cabinet Secretary made any estimate of the equivalent figure for Wales?