8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Thanks, Guto. David, sorry, I cut across there—you were in mid flow.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Hang on. Can I ask Guto: do you just want to comment on that particular bit?
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
And then it adds into the conversation around whether or not it should be a legislative process that allows amendments to the budget through the process, rather than, as you say, a more final draft and scrutiny of that draft. So, yes, there are quite a few…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
David.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
And that will help, I'm assuming, the stakeholders and everybody—yourselves, but also everybody who’s affected by this, the third sector and all the rest. Guto.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Thank you. And, Guto, anything to add to that, or David, any thoughts? No. That's great. Thank you very much. So, looking at—. We’ve talked about presentation, but what about timing? On the timing of the publication of the Welsh budget, we were talking just…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Thank you very much for that. Coming back to the—. And that's particularly interesting when it comes to scrutinising the budget, and we had quite a lengthy discussion with the Cabinet Secretary when he was giving evidence to us around presentation, and we've…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
David, maybe you could comment on that and maybe—. You've been commenting a bit about the Scottish Government experience as well, so maybe if you could draw that into it as well.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
So, what challenges does that have for scrutiny? I'll bring David in after that, if I can.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
We'll dive into questions. We always find your sessions very interesting, so we'll try and keep things as tight as we can. We've got you for an hour and we've got a lot of ground to cover. But we'll start with understanding the economic context around the…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Ffantastig, diolch yn fawr. Croeso cynnes i chi i gyd y bore yma.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
And then—.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Gwych.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Can we start online with—? If you could introduce yourself and where you've come from. Diolch. David.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 3
Croeso nôl i'r sesiwn yma, yr ail sesiwn y bore yma ar gyfer y gyllideb ddrafft. Mae gennym ni ein tystion efo ni y bore yma. Fe wnawn ni gychwyn ar-lein.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Wow, okay. [Laughter.] Thank you so much. There will be a transcript available for you to check for accuracy, but thanks again for your time. And we'll take a short break now to reset the room. Thank you.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
We'll let you get off to bed. There we are.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Thank you very much, and thank you so much for your attendance this morning. It's always interesting to have you here and to go through your analysis. Thank you very much to Professor David Miles from the other side of the world as well this morning. Thank…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Thanks for that diversion. Sorry, it was just interesting to query that. Back to Sam.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
There may have been. Okay. Sorry, you were about to say something, Richard.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Has any analysis been done on the border with Northern Ireland and the Republic of Ireland? Because, obviously, there are two different tax regimes there as well. Just out of interest.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Sorry, do you do much analysis or forecasting around that behavioural aspect of taxation—so, cross-border behaviour, maybe? Because it's something that we as a committee are interested in, especially with Welsh rates of income tax, compared to maybe Scotland…
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Okay. Thank you.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Right. So, otherwise, you try and smooth out the curve, and, if they happen, they're nearly a bonus, in effect, in income, rather than trying to forecast that volatility.
8 Ionawr 2025 , Finance Committee
Cyllideb Ddrafft Llywodraeth Cymru 2025-26: Sesiwn tystiolaeth 2
Because it's predicting one event sometime in the future.
