Part of 2. 1. Questions to the First Minister – in the Senedd at 1:44 pm on 6 June 2017.
That is exactly what it means. If there is a new formula in place, that is the end of Barnett, at that point. Of course, in the short term Barnett would remain because there’s nothing else in place at that time, but we want to make sure that Wales receives fair funding. Yes, we came to an agreement on funding, and that’s because the UK Government resolutely refused to look at funding as far as Wales is concerned. It was a compromise position. We have never changed our position, as a Government, that the Barnett formula has run towards the end of its life, and now is the time to start planning for a new formula that would reflect the proper needs of the different nations and regions of the UK as they are now, not as they were in 1979.