To ask the Chancellor of the Exchequer on what date he agreed to the introduction of a spending base in respect of Barnett formula funding for Wales; and if he will place in the Library a copy of his correspondence with the Secretary of State for Wales on that matter. (303402)

The operation of the Barnett formula is set out in the Statement of Funding Policy published by the Treasury in October 2007. In addition the Secretary of State for Wales announced to Parliament on 26 November 2009 arrangements for assessing spending trends in the next spending review.