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What Rachel Reeves' Budget means for people in Wales...

South Wales Echo

|

November 27, 2025

THE Welsh Government will get £505m extra from the UK Government, it has been announced in the Budget.

- RUTH MOSALSKI Political editor

What Rachel Reeves' Budget means for people in Wales...

Harbourside, Port Talbot NEATH PORT TALBOT COUNCIL

While there were some announcements that directly impact Wales, decisions which only impact Wales result in a consequential payment.

Chancellor Rachel Reeves has said that will equal £505m for Wales, made up of £320m resource funding and £185m capital funding through the operation of the Barnett formula.

The UK Government says the Welsh Government continues to receive at least 20% more per person than equivalent government spending in the rest of the UK.

The Chancellor's Budget announced a host of tax changes which will all impact people here in Wales.

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