Part of 1. Questions to the Minister for Economy and Transport – in the Senedd at 2:24 pm on 12 June 2019.
The problem is that—and we're addressing it here in Wales, and I hope that the UK Government will follow suit—. The problem is that, through the Treasury Green Book, decisions are often made in a way that benefits those areas of the UK that are already intensely urbanised and where there is already a high concentration of people who are high earners. And, of course, south-east London is the obvious case in point. What we're doing in Wales, and it forms part of the economic action plan, is developing a regional approach to rebalance the Welsh economy. And, just as I've set up the regional economic development units and appointed the chief regional officers, before recess, I will be presenting an oral statement to the Chamber concerning the publication of regional indicative budgets to ensure that, when we talk about fair funding, we don't just talk about fair funding for Wales, we talk about fair funding for the constituent parts of Wales. And I think that's something that Members across this Chamber recognise is absolutely essential if we are to drive prosperity across all communities, rather than just have it concentrated in the most urban areas.