The UK Government has taken back £155m allocated to Wales because the Welsh Government hadn't spent it in time, it has emerged.
Most Welsh Government funds are held with in the UK Government Banking Service and the Treasury has taken back £155.5m from the Cardiff Bay administration's balance because it exceeded the amount the UK Government allows the devolved administration to carry forward at the end of the financial year.
The figure emerged as part of the scrutiny of the Welsh Government's accounts by the Senedd's Public Affairs and Public Accounts Committee and has caused controversy. Wales' finance minister Rebecca Evans called the decision "completely arbitrary" and the Welsh Government said it was "wholly unacceptable" and exposed the fundamental flaws in the devolution settlement.
