Tuition fees in Wales frozen
The maximum tuition fee level that institutions in Wales will be able to charge will remain at £9,000 for 2017/18, it has been announced today (Fri 23rd Sept).
- Local insight key for Valleys Taskforce
- New £4m EU-backed fund to invest in Welsh social businesses
- Tuition fees in Wales frozen
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
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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.