In a recent interview with the Western Mail, David Cameron said:
“The Barnett formula is coming to the end of its life, there is no doubt about that – even Lord Barnett says it’s coming to the end of its life. I think it’s very important that there should always be a proper needs-based formula which respects the fact that Wales has some areas of deep poverty and some needs and requirements greater than other parts of the United Kingdom, there’s no doubt about that”.
This is good news. Welsh Conservatives have long called for a review of the Barnett formula and a proper needs-based assessment of funding for Wales. I welcome David Cameron’s commitment to achieving this for Wales.