HC Deb 08 January 2001 vol 360 c459W
Mr. Llwyd

To ask the Chancellor of the Exchequer if interest raised on all objective one funds allocated to Wales will be transferred to the budget of the National Assembly for Wales; and if he will make a statement. [144090]

Mr. Andrew Smith

The 2000 spending review settlement for Wales included extra resources to ensure that the National Assembly for Wales is able to draw down its full objective one funding. The funding arrangements for the devolved Administrations are set out in the Statement of Funding Policy published by the Treasury in July 2000.