Chancellor defends way Wales is funded by UK government

The UK Chancellor, Rachel Reeves, has defended the way the Welsh government is funded by the UK government. Reeves insists that the UK government already spends more per head in Wales than it does in England. This statement comes in response to criticism from the Welsh government, which has claimed that Wales is underfunded compared to other parts of the UK. Reeves argues that the Barnett formula, which is used to allocate funding to the devolved nations, ensures that Wales receives a fair share of resources. She maintains that the UK government is committed to supporting the Welsh economy and ensuring that public services in Wales are adequately funded. The Chancellor's comments highlight the ongoing debate over the distribution of funding across the UK and the perceived disparities between different regions. While the Welsh government may disagree with Reeves' assessment, her defense of the current funding model suggests that the UK government is unlikely to make significant changes to the way Wales is financed in the near future.