Mark Drakeford says UK Government has made 'wrong' choice as Wales to lose £65m

Mark Drakeford says UK Government has made 'wrong' choice as Wales to lose £65m

The chancellor has decided the money Wales will get to plug the gap made by her changes to the National Insurance contributions won't be the full amount

Welsh public services face £65m black hole due to tax hike, Senedd hears

Mark Drakeford, the Welsh Finance Secretary, said Rachel Reeves is ‘wrong’ to use the Barnett formula to distribute funding for public services. Welsh public services face a £65 million black hole due to Rachel Reeves’s national insurance tax hike, Mark Drakeford has warned. The Finance Secretary for Wales has criticised the Chancellor’s decision not to fully cover the cost of higher employers’ national insurance contributions (NICs) for public …

Unison calls for fair funding as NI hike leaves Wales short by £65m

WALES could be left facing a funding shortfall of up to £65 million due to the way its budget is calculated, trade union UNISON warned on Thursday (Apr 3). The union says a rise in employer national insurance contributions, set to take effect on Sunday (Apr 6), will see the UK Treasury cover the additional costs for public services in England—but not in Wales. UNISON is calling on the UK government to “play fair” by reviewing how money is alloca…

Wales facing £65m shortfall to offset rise in employer NI in the public sector

Mark Drakeford said the shortfall is due to compensation from the UK Government being based on the Barnett formula