NDM9054 - Opposition Debate
Tabled on 12/11/2025 | For debate on 19/11/2025To propose that the Senedd:
1. Notes the upcoming UK Labour Government's autumn budget to be announced on 26 November.
2. Regrets that previous fiscal events by the current UK Labour Government have failed to deliver on long-held promises made to the people of Wales.
3. Calls on the Welsh Government to stand up for the interests of the people of Wales by making representations to the UK Labour Government, and publishing the relevant correspondence, to:
a) develop a clear plan, with specific timescales, to develop a new funding formula for Wales based on need, and placed on a statutory footing;
b) reverse changes to inheritance tax on family farms, and reimburse the Welsh public sector in full for changes to employer national insurance contributions;
c) enable the Senedd to set its own income tax bands;
d) uprate the Senedd’s borrowing powers and drawdown limits for the Wales Reserve in line with inflation as a first step towards modernising its fiscal architecture;
e) provide full consequential funding owed to Wales from the HS2 project;
f) devolve the Crown Estate to enable Wales to fairly profit from its own natural resources;
g) remove the two-child benefit cap;
h) fully devolve justice and policing powers to Wales; and
i) introduce a 2 per cent wealth tax on assets over £10 million and equalise capital gains tax with income tax to advance redistribution and provide more robust cost-of-living support to Welsh households.
Tabled By
Amendments
Delete all after point 1.
Tabled By
In point 3, delete sub-points a) to i) and replace with:
a) review the fiscal framework for Wales, including borrowing powers and drawdown limits;
b) reverse inheritance tax changes for family farms and family firms;
c) reverse the increase in employer's national insurance and reimburse Wales for failing to fund the full costs of these to date;
d) rule out any new tax rises;
e) protect the triple lock on state pensions;
f) provide consequential funding for Wales as a result of spending on HS2 and the Oxford and Cambridge rail investments;
g) reinstate funding for the electrification of the North Wales main line;
h) increase investment in securing UK borders at Welsh ports to prevent illegal immigration; and
i) provide additional resources to deliver an M4 relief road and upgrade the A55 trunk road, given their importance as strategic routes for UK connectivity.
