19 Medi 2024 , Children, Young People, and Education Committee
Bil y Gymraeg ac Addysg (Cymru) - sesiwn dystiolaeth 1
Y pwrpas, Gadeirydd, o wneud y targed yn statudol yw tanlinellu ei bwysigrwydd a diogelu y targed at y dyfodol. So, mae e yn y ddeddf, so rydym ni i gyd yn gwybod am y dyfodol beth fydd y targed. Wrth ei roi e ar wyneb y Bil fel hyn a'i wneud e'n statudol…
19 Medi 2024 , Children, Young People, and Education Committee
Bil y Gymraeg ac Addysg (Cymru) - sesiwn dystiolaeth 1
Wrth gwrs, Gadeirydd, mi allaf i weld y ddadl, a dwi’n gwybod fod swyddogion wedi gweithio'n galed gyda phobl yn y sector drwy’r Papur Gwyn ac yn y blaen i ffeindio y geiriau gorau i ddisgrifio beth rŷn ni eisiau ei wneud drwy’r Bil. Dwi’n hapus i barhau i…
19 Medi 2024 , Children, Young People, and Education Committee
Bil y Gymraeg ac Addysg (Cymru) - sesiwn dystiolaeth 1
Thank you, Chair. The point I should probably start with is that, of course, the Bill is very important for Welsh-medium education, that great success story of Wales in the last 30 years—the fact that we have a sector that is both growing and produces such…
19 Medi 2024 , Children, Young People, and Education Committee
Bil y Gymraeg ac Addysg (Cymru) - sesiwn dystiolaeth 1
Diolch yn fawr, Cadeirydd. Thank you very much for the opportunity to be with you this morning. It’s probably important just to remind Members that when the Bill was in its formative stages, the Minister responsible was Jeremy Miles and he was Minister both…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Diolch yn fawr, Cadeirydd. If I could make one very final point, because I don't think I made it at all, we focus a lot on the constraints, but the Welsh Government is absolutely interested in whether there are any ways it can be improved, and, in that sense…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Well, by definition, Chair, any purpose that is pursued through financial transactions capital has to be recyclable. If it can't be repaid and, therefore, recycled, then it can't enter the scheme. There are lots and lots of things that the Welsh Government…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
It would be interesting to see if they thought the same.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Well, Mike, looking at the list in front of me, I've definitely got social landlords on the list, so they have benefited from it. My guess would be that there are more straightforward ways in which they are able to raise the capital that they need, because in…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I'm often told that you need a more strategic approach to something. I'm not often sure what the person saying that has in mind by that, because I think I've explained our strategy this morning as best I can. When I was preparing to come in front of the…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Yes.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I think we consider every—. There's no part of Government that's excluded from FTCs. Any part of the Government that can put forward a scheme that operates within the rules is entitled to do that, and over time, as I said, we have had more parts of the Welsh…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Because it's recyclable, yes. We have £1.4 billion, but because it's coming in and out of the door, actually, the amount that we've deployed will be larger than that initial quantum.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Barnett applies in this area in exactly the way that it applies to everything else. English departments, for this purpose, make decisions about the extent to which they are going to use financial transactions capital, and we get a Barnett consequential of…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Sharon has told me that this is very simple. [Laughter.] Even though she told me it was very simple, she will give you a more reliable account than I would.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I'd say we're at the start of such a journey with the new Government. I think the previous Government probably wasn't much open to—. It had a system, it had its pluses and its minuses and they were going to continue with it. I’ll try and answer one other…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
We think DBW is actually very useful to us and would continue to be. It has that expertise. I think it's got lots of demonstrated success in being able to get the money back through the door and reuse it again, so I don't think that—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Chair, I think there are two different avenues of reform. There's how can we make the current system, if the current system stays as it is, work better, and Andrew will say a bit about that, and there's what sort of reform would we look for if there was more…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Yes, the disaggregation of it.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I'm not quite certain I'm following the question exactly, because we do identify at the budget the quantum of financial transactions capital—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
That's a fair thing for people to say, because the development bank is having to operate within the rules that are provided to us, and it is a lengthy process. It's not an easy process. It's a fairly off-putting process, we know, for some potential…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
A change of classification of DBW does affect our ability to manage the annualised nature of financial transactions capital. Under the previous classification, it was possible for money to leave the Welsh Government’s accounts and be used by DBW, not on an…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
We can see. If there is any example, we can—. But I think it's the sort of thing Ministers would certainly know about had that happened, and I don't know of any immediately.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I don't know.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Failed?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Well, for me, the first criterion of success is that we're using the money, because, as I say, this is money that, if you don't use it, then it's lost for public purposes in Wales, and getting it used at all has not been easy. So, my first criterion of…
