18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And is that something that, as a Government, you’d be talking to your counterparts in Treasury and saying, ‘This is really hampering what—’? Have you any sense of why they’ve done it, and whether or not there’d be an appetite to change the designation back?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Sorry, with the development bank—and you talked there about the development bank helping to de-risk a little bit of the decision making and things, and, Cabinet Secretary, you talked about a straightjacket of rules when we started—being designated differently…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I'll bring Mike in.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
You price for risk, then, as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And I assume you price for risk, then, as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Okay. Rhianon, briefly, because I'm conscious I want to bring Mike in as well.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
—do that sort of middle man bit, that, effectively, the people who are getting the loans don't necessarily need to know how that loan is funded, it's just that they know what the terms and conditions of that loan are?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Is that where the Development Bank of Wales comes in useful, because they—
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Before I bring Mike in, my final question, really, to take it beyond Government and then onto those loan users and the people who have had these loans: is that pool of people getting bigger as well as a result, so that, not the general public, but the people…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And how good is the knowledge in those departments of how it works, so that they're able to identify those areas?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Just going on from there, we've talked about housing and the way Government uses this in specific areas. You talked a little bit earlier about the investment of time and energy in explaining how it works, what the rules are. How much of that has been going on…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I know that Rhianon and Peter want to come in, so I'll bring Rhianon in.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
I just wanted to check that.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
And to have ring-fenced for—? You talk about housing; it was housing policy, say, in England that created the Barnett, effectively, consequential. It's not hypothesised for here, is it?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
So, maybe it's—. To Andrew: how have you managed that in the past, and how do you foresee it going forward?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
With that line of thought, then, with the loans that are currently under FTCs, if that step change changed and those policy decisions were made in Westminster, what would be the challenges for the Welsh Government and the arm's-length bodies that use this…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
We've heard in some evidence sessions that the future of FTCs is uncertain. Do you have a view? Do you think they will eventually go? Are they going to be around for a while? Are they going to evolve under a new administration now in London? Any thoughts…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
It’s good to have you here, and thank you very much for the written evidence that you’ve already provided for us. That was circulated to Members before the meeting today. As you’re aware, we carried out some evidence sessions around our financial transactions…
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
A warm welcome to your new role, and the first time for you to appear before this committee in this Senedd, I think. It's great to see you here.
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Croeso cynnes i chi, Mark Drakeford. A fyddech chi'n gallu cyflwyno eich hun a'ch swyddogion, os gwelwch yn dda?
18 Medi 2024 , Finance Committee
Cyfalaf Trafodion Ariannol: Sesiwn dystiolaeth 3
Okay, we come to our first substantive item today.
18 Medi 2024 , Finance Committee
Papurau i'w nodi
Excellent. Okay, we'll move those papers and note those for the record. Diolch yn fawr.
18 Medi 2024 , Finance Committee
Papurau i'w nodi
If we can move, then, to item 2. Item 2 is the papers to note. Any comments on any, or are we happy to—?
18 Medi 2024 , Finance Committee
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