Magazine article Public Finance

Holtham Wary of Ad Hoc Barnett Fix

Magazine article Public Finance

Holtham Wary of Ad Hoc Barnett Fix

Article excerpt

UK government assurances on funding levels in Wales are unsatisfactory, according to the chair of the review of the country's finances.

In November last year, the Wales Office said the Treasury had agreed to 'take action' if Wales became disproportionately disadvantaged by the Barnett Formula, which sets the relative funding levels for the UK nations.

But Gerald Holtham, chair of the Independent Commission for Funding and Finance in Wales, told the Commons Welsh affairs select committee that 'an ad hoc fix [to the formula] if Wales moans enough is not the way to go'.

Giving evidence to the committee's inquiry into Wales and Whitehall on January 26, Holtham said the UK government seemed to be saying: 'Wales is poor, and Wales is moaning, so we'll look after it'.

He added: 'That's the opposite of the claim they made for Barnett, that because it's a rule, you avoid horse trading; it's all very simple, cut and dried, and principled. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.