Devolved Budget for Wales: Impact of Inflation

Published date : 18 January, 2023
1. What assessment he has made of the potential impact of inflation on the devolved budget for Wales.


The Secretary of State says that the budget is increasing by £1.2 billion over the next two years, but inflation has already eroded the purchasing power of the Welsh Government in the current year by £1 billion. Since the UK Government are responsible for approximately 80% of the resource base of the Welsh Government, what further representations does he plan to make to the Chancellor of the Exchequer to ensure that that purchasing power for essential public services in Wales is made good?

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