14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
It's worth as well mentioning the important role of the census in terms of administrative data linking, which is something that we're supporting through the SAIL project based at Swansea University, which basically uses information to help inform good policy…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Do you want to come in on this one, Emma?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, in terms of outputs, the main vehicles for publishing those would be the programme for government annual report, the well-being indicators and our national milestones. So, those are the ways in which we measure progress and measure the outputs that our…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Definitely. I fear it'll be a very short note, though, unfortunately, because things have really just stalled in that space. We have done everything that's required of us through the process that is set out in terms of making the case for the devolution of a…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
And the announcements yesterday were on top of the £240 million small business rates relief scheme that we already have in place, so, that will also be helpful to many businesses. And just to complete the package, we also announced transitional support for…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
I would say as well, overall, that there's an important point about balance and being proportionate in terms of implementing a scheme that is relatively simple and relatively low cost, as opposed to something much more intricate that could result in lots of…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Shall we provide a more detailed briefing to committee?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, in addition to freezing the multiplier, we also announced that we would be giving 75 per cent relief to businesses in the retail, hospitality and leisure sectors, but that is capped at £110,000 rateable value per business across Wales. So, it does leave…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, we've opted to freeze the multiplier in 2023-24, and that ensures that ratepayers will be protected from inflationary pressures impacting their NDR bills. And to do that, we've used consequential funding, which came from the UK Government's autumn…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
One hundred and fifty million.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
I said both, Chair. [Laughter.]
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
We're only able to borrow, as I say, capital. We are able to borrow revenue, but for things like tax reconciliation, for example. So, it's very specific. We can't factor it into our spending plans.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Do you want to take this one?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, in terms of taxation, we did think long and hard about our approach to Welsh rates of income tax, but, on balance, we think about the amount of tax that people are paying in the round, so we don't think of rates in isolation from the tax people pay to…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
No, I would say, unfortunately. It was another situation where we were only informed of our settlement after the Chancellor had made his statement, which is obviously not ideal by any stretch of the imagination. So, we had to watch the statement and get the…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
We try and maintain as much as possible within the reserve without, obviously, breaching the reserve, because if you breach the reserve, then, obviously, the money has to go back to Westminster. So, in terms of the reserve, that's the general approach that we…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Yes. And if we don't have to draw it down, great, because it means that we're in a healthier position for the years that follow as well.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Well, not so much pay pressures, because they will have to be met now within the settlements that all colleagues have, but if there are things emerging within the year that are one-off things. But not large one-off things.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
But, you know, if pressures—. Not extreme pressures, but if pressures do emerge during the year—
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
At the moment, £38 million.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, any support for that scenario would now have to be met within our existing plans, so it might mean that funding would have to be moved from one area to another to respond to that. So, we're not holding large amounts of funding to provide additional…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, we're able to draw down £125 million, but our plans have already been made to draw down £38 million.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, we're not holding an in-year reserve next year—so, that would be the unallocated DEL—[correction: we're not holding an in-year reserve next year in terms of unallocated DEL] but we do have the ability to draw more down from the Wales reserve if we need…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
At the spending review last year, we announced a new fiscal strategy in the sense that, for years 2 and 3 of the spending review, we wouldn't hold any unallocated departmental expenditure limits; instead we would be managing things from within the Wales…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
If we need to.
