Part of 2. Questions to the Minister for Finance and Trefnydd – in the Senedd at 3:13 pm on 11 March 2020.
As David Rees recognises, we haven't yet understood the full picture in terms of where those consequentials might be. I would offer one word of caution in the sense that consequentials are given but they're also taken away, so that is an important consideration in terms of when and how funding is passported. But, as we come to a better understanding of the detail that we will have, then, certainly, there will be further announcements to be made. I have given a commitment that I will provide a written statement as soon as possible. So, after questions today, I intend to continue on that to give colleagues some further information.
In terms of the kind of figures that we have been provided with—we do need to check some of them, because they don't all match up—we're looking in the region of £122 million of revenue and around, or at least, £218 million of capital. But, of course, we have to remember that we had £100 million of capital taken off us just a few weeks ago, so £100 million of that new money today will have to go to plug that gap in our plans, which we have published and voted on for the year ahead. So, there is some of that to understand, and, also, we've had £3 million of financial transactions capital for the next financial year as well. So, as soon as we come to a better understanding, we will be able to make some further announcements on spend for next year.