UK Government Spring Statement: Response from the First Minister of Wales

Responding to the Chancellor's statement, First Minister Eluned Morgan said:

“The Spring Statement confirms the £1.6bn boost to our funding for the next financial year and provides an additional £16m on top of that.

“Wales will benefit from a growing economy and interest rates that are going down.

“Today's Spring Statement reflects the tough economic challenges facing the UK – at home and abroad.

“The UK Government is playing the cards they have been dealt in a context of global economic uncertainty to continue to stabilise the public finances.

“Our commitments remain firm. The confirmed boost to our funding from the UK Government for 2025-26 means the Welsh Government will strengthen our NHS, cut waiting times, support schools and help communities thrive – making real differences to people's lives.

“We will now thoroughly assess the Spring Statement's implications on our future spending plans.”