Has the Welsh Government made the case to the new UK Government for extending the annual drawdown limits of the Wales Reserve and indexing the aggregate limit in line with inflation?
Answered by Cabinet Secretary for Finance, Constitution and Cabinet Office
| Answered on 19/08/2024
Yes. I have written to the Chief Secretary to the Treasury in relation to the need for additional budget flexibilities for the Welsh Government. I also raised this in our introductory meeting in July, where we discussed the indexing of the Wales Reserve limits to inflation.