Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:47 pm on 22 March 2023.
I'm not sure any of us would relish having to run through those processes, to be honest, because I fear that we maybe know what the outcome might be. But there we are; we won't go there.
Really, it sounded a little bit as if you were making excuses for Barnett earlier on in your answer, but we know that by placing relative need first and foremost within the arrangement, we'd then be able to direct more public finances to address some of the socioeconomic and environmental challenges that we face here in Wales. Needs arising from our ageing demographics, for example, would then translate into increased funding for health and social care. Low employment would incentivise increased spending on education and training. Climate adaptation would necessitate funding then for more green energy investment. Without such reform, Wales is just going to be locked into the current cycle where we depend on a UK Chancellor making spending commitments for England before we can then subsequently act here in Wales.
What commitment can you give, Minister, as a Labour Minister here in Wales, that any incoming UK Labour Government would actually overhaul Wales's funding settlement to achieve that fairer, economic balance across the regions and nations of the UK—something, of course, that would fiscally empower you as a Welsh finance Minister to deliver on our priorities here in Wales, rather, of course, than having to wait, as we do currently, for England to act before we can make the investment that we so desperately need here in Wales?