Questions Without Notice from Party Spokespeople

Part of 4. Questions to the Minister for Finance and Trefnydd – in the Senedd at 12:52 pm on 1 July 2020.

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Photo of Rebecca Evans Rebecca Evans Labour 12:52, 1 July 2020

Yes, I’d be happy to. I last discussed these specific issues with the Chief Secretary to the Treasury on Friday of last week. And he indicated that the summer economic statement will be forthcoming, and then we’ll have a further conversation after that in terms of the fiscal flexibilities that we’ve requested. And just to recap, for people who aren’t familiar with those flexibilities, we’re seeking an ability to draw down more from the Wales reserve, to borrow more, to remove the borrowing cap, and also to be able to switch capital to revenue. Some of that and how far we want to take things will depend, in large part, on the statement that the Chancellor makes next week, and we will have a better understanding of the funding that we can expect to take us through the rest of this financial year.