§ Mr. LlwydTo 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 SmithThe 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.