The Financial Impact of Independence

Part of 1. Questions to the First Minister – in the Senedd at 2:15 pm on 15 October 2019.

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Photo of Mark Drakeford Mark Drakeford Labour 2:15, 15 October 2019

Well, Llywydd, what the Member does is to identify one in what would be a much larger and even more complicated pattern that would have to be addressed were Wales to be independent from the rest of the United Kingdom. The answer I gave originally shows the gap that is currently filled through UK resources here in Wales. There are fiscal transfers between the UK and Wales worth £4,000 per head of the Welsh population every year. That money would have to be found from somewhere. But the questions are not for me to answer, Llywydd. The questions are to be answered by those people who make this proposition, and, if they expect their proposition to be taken seriously, then they will be expected to provide serious answers to these questions.