Funding for devolved nations

That this House calls for an urgent review of the implementation of the 42-year-old Barnett Formula for funding devolved nations such as Wales; notes with concern that HM Treasury’s March 2020 budget does not consider an extra funding commitment to cover funds lost through the UK’s withdrawal from the European Union; further notes the findings from the 2019 Public Accounts Committee report including the need for greater transparency over funding for devolved administrations with concern; acknowledges the achievements of the Welsh Government and its record of delivery of public services; and calls on the Government to bring forward legislation to make the devolution settlement more sustainable.