What assessment has the Welsh Government made of the impact on Wales of the expected 5 per cent real terms reduction in its capital budget over the period 2024-25 to 2028-29 as a result of the new UK Government's spending plans?
Answered by Cabinet Secretary for Finance, Constitution and Cabinet Office
| Answered on 22/07/2024
As it stands, the Welsh Government has no capital settlement beyond the current financial year. We will know more once the new UK Government sets out its fiscal plans in the Autumn. Detailed capital plans for 2024-25 are set out in the Welsh Government’s Budget.