1. ITV Report

'No reassurances' given on post-Brexit funding for devolved nations

Credit: ITV Cymru Wales

The UK Government has failed to give clarity on funding for the devolved nations post-Brexit, according to the finance secretaries of Scotland and Wales.

Chief Secretary to the Treasury Liz Truss spoke to Scotland's Finance Secretary Derek Mackay and Welsh Finance Minister Rebecca Evans at a meeting in Cardiff on Friday.

Following the meeting, Welsh Finance Minister Rebecca Evans said she was hoping for 'greater clarity' from the UK Government:

I was hoping for much greater clarity on what are becoming very important and pressing issues the closer we get to EU exit day but, disappointingly, I am leaving the meeting no more reassured.

There seems to be a real lack of clarity across the UK Government on what is happening with Brexit but with the very real prospect of a no-deal, this is a huge concern to Welsh Government.

Along with my Scottish counterpart, I pressed the Chief Secretary for clarity on a number of financial issues relating to the impact of Brexit, including the possibility of an emergency budget. The message was clear, a full fiscal event is not on the agenda, adding to the uncertainties we are facing as we prepare to exit.

– Rebecca Evans, Welsh Finance Minister

The UK is set to depart from the European Union on March 29 but no deal has yet been agreed.

A deal put forward by Prime Minister Theresa May has failed to gain the support of MPs across the House in Parliament.