A summary of the 2020 Spending Review, and what this means for the economy and public finances over the next few years.
Documents to download
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Holtham Commission (80 KB, PDF)
The Independent Commission on Funding & Finance for Wales (Holtham Commission) was established in 2008 to review the Welsh Assembly’s funding and to consider further devolution of fiscal powers. The Commission examined the current funding arrangements, determined by the Barnett Formula, and assessed the case for increasing Wales’s taxation and borrowing powers.
In July 2010, the Commission published its final report and recommendations. This note outlines the main recommendations from the final report, briefly summarises the Commission’s first report and includes reaction from the Welsh Assembly and UK Government to the Commission’s recommendations.
Documents to download
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Holtham Commission (80 KB, PDF)
Related posts
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This is a purely statistical note on public sector borrowing (the budget deficit), public sector debt and government debt interest payments.
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For the first time since 2013, the UK will not meet the UN recommended target of spending 0.7 percent of Gross National Income on Official Development Assistance.
