Shadow Welsh Sec: Clarity needed over 'funding floor'

I welcome the fact that the Conservative Party now agrees with Labour, that we need fair funding for Wales and further devolution. Clearly, the package on offer does not go as far as Labour would like, on policing or devolution of the Work Programme, for example, but it is a step in the right direction.

It is disappointing, however, that after so many months of dialogue the Prime Minister has not brought forward details of how a funding floor will be applied for Wales, making it impossible to know whether Wales would be better or worse off under this plan. It is also concerning that the Prime Minister appears to suggest that fair funding is contingent on the Welsh people voting yes in a referendum on tax powers.