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Economic Development

Wales gets a further £400m in funding

The Welsh Government will decide how to spend it after benefiting under the Barnett Formula for £7bn new funding for the NHS in England

Health Secretary Matt Hancock(Image: Getty Images)

Wales will receive an additional £400m in funding as a result of the º£½ÇÊÓÆµ Government committing additional funding of £7bn to the NHS and social care services in England.

In total, Scotland, Wales and Northern Ireland will receive £1.3bn in new funding.

The funding breakdown is determined by the Barnett formula and it is up to the devolved administrations how they spend the money.

When England receives additional funding, the Barnett formula ensures Scotland, Wales and Northern Ireland all receive an equivalent share of funding.

While some taxpayers are devolved the vast majority of taxes in the devolved nations still go the º£½ÇÊÓÆµ Treasury.

Since the pandemic the Welsh Government has received pandemic related Barnett Formula consequentials of nearly £6bn.

Health and Social Care Secretary Matt Hancock said: “Throughout this crisis we’ve protected the NHS, and made sure they have the resources they need.

"As a result, across the whole United Kingdom the NHS has been able to live up to its promise of treating everyone according to need not ability to pay. Those values have stood in good stead in this pandemic in very difficult times.