25 September 2024 , Finance Committee
Welsh Government Draft Budget 2025-26: Pre-budget scrutiny—Cabinet Secretary for Finance and Welsh Language
So, you're possibly in a fortunate—or unfortunate, you tell me—position. You've done this role before. You've been health Secretary, or health Minister, and you've been First Minister, and now you're back in this role. From all that experience that you've…
25 September 2024 , Finance Committee
Welsh Government Draft Budget 2025-26: Pre-budget scrutiny—Cabinet Secretary for Finance and Welsh Language
It was good to have you here last week as well. Just to remind Members that this is a session following on from the Plenary debate that we had at the end of the last term, on 17 July, where we presented a report on the priorities that we had been listening to…
25 September 2024 , Finance Committee
Welsh Government Draft Budget 2025-26: Pre-budget scrutiny—Cabinet Secretary for Finance and Welsh Language
Thank you very much and thank you for joining us at this meeting. Of course, we had a discussion last week as well.
25 September 2024 , Finance Committee
Welsh Government Draft Budget 2025-26: Pre-budget scrutiny—Cabinet Secretary for Finance and Welsh Language
The substantive item this morning is pre-budget scrutiny with the Cabinet Secretary for Finance and Welsh Language. Are you able to introduce yourself and your colleagues, please, Cabinet Secretary?
25 September 2024 , Finance Committee
Welsh Government Draft Budget 2025-26: Pre-budget scrutiny—Cabinet Secretary for Finance and Welsh Language
We'll move on now to one of the main items this morning.
25 September 2024 , Finance Committee
Papers to note
We will move on, therefore, to item 3, which is papers to note. Are we happy to note the paper that we have? Yes, great. That's it.
25 September 2024 , Finance Committee
Introductions, apologies, substitutions and declarations of interest
Good morning and welcome to this meeting of the Finance Committee. Everyone is present, so we have no apologies this morning. Of course, this meeting will be broadcast live on Senedd.tv and a Record of Proceedings will be available after the meeting, as…
24 September 2024 , Plenary
Statement by the Cabinet Secretary for Transport and North Wales: A new partnership to transform our railways
GBR Cymru, without real fiscal clout, is just an empty promise. Railways in Wales continue to underperform, albeit being slightly better in recent months, but it's largely due to historic and chronic underfunding. I acknowledged in a contribution last week…
24 September 2024 , Plenary
Statement by the First Minister: Inter-governmental relations
Thank you, Dirprwy Lywydd. I'd like to make a few remarks in response to the statement, as Chair of the Finance Committee. Strong inter-governmental relations are essential for the Governments of the UK to work together constructively and collaboratively…
24 September 2024 , Plenary
Questions to the First Minister
Since the escalation of hostilities in Gaza, we have seen slaughter and sorrow on an unimaginable scale. The official death toll in Gaza has now exceeded 41,000. That violence is now spilling over into Lebanon, with the real prospect of conflict engulfing the…
18 September 2024 , Finance Committee
Motion under Standing Order 17.42 (ix) to resolve to exclude the public from the remainder of this meeting and the start of the meeting on 25 September
So, I propose, in accordance with Standing Order 17.42(ix), that the committee resolves to exclude the public from the remainder of this meeting and the start of the meeting on 25 September. Are all Members content? I see that they are. Thank you very much…
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Thank you very much.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Thank you very much to you for this morning. It has been very interesting.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
I'd like to thank everybody for their engagement in that; it's particularly interesting and, obviously, it helps with our deliberations, when we're looking at the Welsh Government budget, to understand a bit more about the intricacies of this, because I've…
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Thank you very much. We've run over a little bit there, but it's been very interesting.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Peter, did you just want to—?
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
But, with some housing developments and that sort of thing, you could have a fairly swift turnaround.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
So, you can do it in-year. So, you could roll it over within the year.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Is the constraint now with a different classification, that if the money—. Say you had a nine-month loan, for example. It was loaned out, came back in; would you have to then wait three months before you could resend it out, because of the way that you'd have…
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
I think Mike wanted to just come in.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Thank you, Peter. Rhianon.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Barnett, maybe?
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
Peter, if we can have one more question, and then I'll bring Rhianon in.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
So, say you invested in something, it was a massive success, you had a stake in it, you got the money back, you could only use it—. It can't be a vehicle for supplementing capital or supplementing revenue elsewhere.
18 September 2024 , Finance Committee
Financial Transactions Capital: Evidence session 3
And can that be used for anything other than FTC?
