Chair of Commission on Funding and Finance announced

One of the UK’s most respected investment fund managers and economists has been appointed to chair the Assembly Government’s Commission on Funding and Finance. Aberdare-born Gerald Holtham, will chair the Commission which, in the first instance, will examine the present allocation of public expenditure to the Welsh Assembly Government through the Barnett Formula.

The appointment was announced today by First Minister Rhodri Morgan. The review of funding and finance is a One Wales commitment.

The First Minister hailed the appointment as a major coup for Wales. He said: “There are few people as qualified to lead this review as Gerald Holtham who is one of the UK leading financial experts and a passionate Welshman. He already serves on Economic Research Advisory Panel (ERAP) which advises the Assembly Government on economic research and provides evidence for public policy making. His appointment marks a significant step forward in delivering one of our key One Wales commitments.”

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