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| Version 3 | Version 4 |
|---|---|
| Finance Minister Jane Hutt insists Wales has had HS2 cash | Finance Minister Jane Hutt insists Wales has had HS2 cash |
| (35 minutes later) | |
| Wales' finance minister has hit back at the UK government, insisting extra funding has been received because of the High Speed 2 rail project. | Wales' finance minister has hit back at the UK government, insisting extra funding has been received because of the High Speed 2 rail project. |
| Jane Hutt said that, despite Treasury denials, the money had been transferred for 2015-16. | Jane Hutt said that, despite Treasury denials, the money had been transferred for 2015-16. |
| Wales normally gets a share of fluctuations in transport spending that benefits England only. | Wales normally gets a share of fluctuations in transport spending that benefits England only. |
| But the UK Government has always maintained the HS2 project benefits the UK as a whole. | But the UK Government has always maintained the HS2 project benefits the UK as a whole. |
| However, the Welsh government say they have received a share of £832m to be spent on the HS2 scheme by the Department for Transport in 2015-16. | However, the Welsh government say they have received a share of £832m to be spent on the HS2 scheme by the Department for Transport in 2015-16. |
| 'Very clear' | 'Very clear' |
| That would amount to around £35m extra for the Welsh budget in that year - a position denied by the Treasury. | That would amount to around £35m extra for the Welsh budget in that year - a position denied by the Treasury. |
| But speaking to BBC Wales on Thursday, Finance Minister Jane Hutt said the Welsh government was "very clear" on the matter. | But speaking to BBC Wales on Thursday, Finance Minister Jane Hutt said the Welsh government was "very clear" on the matter. |
| Ms Hutt added that this episode demonstrated how the way the Welsh government is funded "needs reform". | Ms Hutt added that this episode demonstrated how the way the Welsh government is funded "needs reform". |
| The Welsh government receives a slice of the extra money that is spent in England on services that are devolved in Wales, such as health or education, what is known as "Barnett consequentials". | The Welsh government receives a slice of the extra money that is spent in England on services that are devolved in Wales, such as health or education, what is known as "Barnett consequentials". |
| That process would normally include transport spending, but Treasury officials say Wales would not get more cash as a result of extra spending on HS2, because they say the project benefits the entire UK. | That process would normally include transport spending, but Treasury officials say Wales would not get more cash as a result of extra spending on HS2, because they say the project benefits the entire UK. |
| HS2 is a controversial new high speed rail link proposed to run from London to Birmingham from 2026, with branches to Manchester and Leeds via Sheffield planned for 2033, at an estimated cost of £42.5bn. | |
| Treasury disagrees | Treasury disagrees |
| The issue of Wales receiving part of this money has been at the centre of a bitter political wrangle in recent years. | |
| Ms Hutt's statement to the assembly's finance committee on Monday - where she informed members of the extra cash coming to Wales - was welcomed as a breakthrough by campaigners from across the political spectrum. | Ms Hutt's statement to the assembly's finance committee on Monday - where she informed members of the extra cash coming to Wales - was welcomed as a breakthrough by campaigners from across the political spectrum. |
| She told AMs there would be £84m extra in 2015-16, part of which came as a result of £832m spent on HS2 - a claim she maintains is true. | She told AMs there would be £84m extra in 2015-16, part of which came as a result of £832m spent on HS2 - a claim she maintains is true. |
| However, the Treasury disagrees about the detail. | However, the Treasury disagrees about the detail. |
| Figures obtained by the BBC under a Freedom of Information request showed that Cardiff could potentially lose £70m in economic output once a high speed rail link opened between London and the north of England. | Figures obtained by the BBC under a Freedom of Information request showed that Cardiff could potentially lose £70m in economic output once a high speed rail link opened between London and the north of England. |