Plaid call for Barnett Formula funding for Wales from English rail projects
PLAID has called for more rail funding for Wales.
Party leader Leanne Wood has written to First Minister Carwyn Jones warning Wales could be missing out on billions.
She said she wanted to see a change in the UK's Statement of Funding Policy to ensure Wales received a fair share of rail infrastructure funding, such as from High Speed Rail 2 (HS2), costed at around £33 billion, giving Wales £1.9 billion under what is called a Barnett consequential.
Currently there is a Barnett consequential for Scotland and Northern Ireland from spending on Network Rail and Capital Rail Projects, but not Wales. However, there is one for Wales from spending on Crossrail in England, and Wales could benefit from up to £1 billion extra from a proposed Crossrail 2 scheme.
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Ms Wood said: "With more than £500 million already allocated to HS2, this year's new Statement of Funding Policy must recognise that the scheme should provide a Barnett consequential.
"Given the formation of a Network Rail division serving Wales since the last review, the reality of this devolution should be reflected in the financial arrangements."
Comments
by Neathboy234
Wednesday, February 20 2013, 11:07AM
“Wales is being short changed yet again, it's disgraceful that both Scotland and NI receive extra money as a result of increased capital spending in England but we don't.”