Funding Reform (Wales)
Treasury
Danny Alexander (Chief Secretary, HM Treasury; Inverness, Nairn, Badenoch and Strathspey, Liberal Democrat)
The Secretary of State for Wales and I are pleased to publish the statement on funding reform that has been agreed jointly with the Welsh Government, copies of which have been deposited in the Libraries of both Houses. The statement follows a year-long process of talks between the two Governments and addresses Welsh devolved funding, the case for capital borrowing powers and wider fiscal reform.