UK Climate Change Risk Assessment Evidence Report »The Wales report highlights the risks to our economy, communities and environment from flooding and heat.Learn more »
New £7m EU-backed investment in graduate career opportunities
A £7.3m EU-backed scheme to boost the career prospects of students from disadvantaged backgrounds has been announced.
- Children encouraged to join the Big Friendly Read this summer
- Best ambulance response times since start of pilot - all LHBs in Wales meet target for first time
Featured story »National Assembly 2016 election results
- New £7m EU-backed investment in graduate career opportunities
- A future demand-led fuel poverty scheme to succeed Welsh Government Warm Homes - Nest
- Consultation on The Local Authorities (Calculations of Council Tax Base) (Wales) (Amendment) Regulations 2016
- Welsh Language Standards – Improving services for Welsh speakers within the health sector
- There are no consultations closing within the next 10 days
Featured consultation »Improving services for Welsh speakers in the health sector
76 days left
Section highlightLand Transaction Tax
Land Transaction Tax will replace UK Stamp Duty Land Tax in Wales.
Final Budget 2016-17 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2016-17 is £15bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.View upcoming calendar »
Funding from the UK Government
The Barnett formula is a non-statutory mechanism used by UK central government to apportion public expenditure changes to Wales, Scotland and Northern Ireland. It is based on population, not need.
The formula determines the change to the inherited level of spending for each of the devolved administrations in Wales, Scotland and Northern Ireland.
If new money is announced by the UK Government then Wales will receive a consequential proportion of that new money under the Barnett formula. It is for the Welsh Government to decide on use of that money.
This means that budget announcements by the UK Chancellor of the Exchequer about additional resources for education may or may not apply to Wales depending on whether they involve new money for which Wales receives a consequential. If there is a consequential, it will still be for the Welsh Government to decide how it spends that money.