Thu 25 Jun 2026
FTSE 100 10,504.96 +1.01%Microsoft 365.46 -7.20%NVIDIA 199.00 -4.05%Apple 293.08 -2.06%Google 345.04 -7.02%S&P 500 7,358.22 -2.04%Nasdaq 25,476.64 -3.41%Dow 51,848.90 -0.29%Russell 2000 2,986.63 +1.61%US 10Y Treasury 4.40% -1.37%Euro Stoxx 50 6,261.83 -0.50%DAX 24,901.44 -0.50%AEX-Index 1,073.87 -0.40%Nikkei 225 72,366.34 +1.57%Hang Seng 23,076.91 -5.08%Gold $3,999.20 -4.37%Silver $57.29 -12.57%Brent Crude Oil $72.93 -6.38%Natural Gas $3.31 +1.78%Copper $6.09 -4.26%GBP/USD 1.3162 -0.30%GBP/EUR 1.1601 +0.69%GBP/AUD 1.9094 +1.44%Bitcoin (USD) $61,168 -3.27%Ethereum (USD) $1,628 -4.47%FTSE 100 10,504.96 +1.01%Microsoft 365.46 -7.20%NVIDIA 199.00 -4.05%Apple 293.08 -2.06%Google 345.04 -7.02%S&P 500 7,358.22 -2.04%Nasdaq 25,476.64 -3.41%Dow 51,848.90 -0.29%Russell 2000 2,986.63 +1.61%US 10Y Treasury 4.40% -1.37%Euro Stoxx 50 6,261.83 -0.50%DAX 24,901.44 -0.50%AEX-Index 1,073.87 -0.40%Nikkei 225 72,366.34 +1.57%Hang Seng 23,076.91 -5.08%Gold $3,999.20 -4.37%Silver $57.29 -12.57%Brent Crude Oil $72.93 -6.38%Natural Gas $3.31 +1.78%Copper $6.09 -4.26%GBP/USD 1.3162 -0.30%GBP/EUR 1.1601 +0.69%GBP/AUD 1.9094 +1.44%Bitcoin (USD) $61,168 -3.27%Ethereum (USD) $1,628 -4.47%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 30°C SunnyBirmingham 28°C Partly CloudyManchester 29°C SunnyNewcastle 28°C SunnyBristol 32°C SunnyCardiff 28°C SunnyEdinburgh 20°C Patchy rain nearbyBelfast 22°C Sunny

Burnham’s Stance on Welsh Funding Sparks Controversy

Advertisement
Follow News in 60 on Facebook

Andy Burnham, the only candidate to succeed Sir Keir Starmer as Prime Minister, has ruled out reforming the funding system for Wales, specifically the Barnett Formula. This decision has significant implications for Wales, which has long been viewed as underfunded compared to England, despite receiving more per capita. Critics argue that the current system does not adequately address the needs of Wales, particularly given its older population and higher health care demands.

Burnham’s previous calls for a fairer funding arrangement have resurfaced, leading to disappointment among Welsh political leaders, particularly Plaid Cymru, who have vowed to hold him accountable. The party’s leader emphasized that any changes to funding for northern English regions must also rectify the historical underfunding of Wales.

As Burnham prepares to outline his vision for devolution and the economy, the lack of proposed changes to the funding formula may hinder his credibility among Welsh voters. This could affect his broader agenda of decentralizing power from Westminster, as many in Wales feel their needs are not being prioritized.

The implications of Burnham’s stance could resonate beyond politics, influencing public services and regional development in Wales. As discussions around devolution continue, the funding debate remains a critical issue that could shape the future of Welsh governance and its relationship with the UK government.

Source: BBC News

Read more Politics news →

News Category: Politics Tags: burnham, devolution, funding, politics, wales

Leave a comment

Your email address will not be published. Required fields are marked *