Quote Originally Posted by TISS View Post
I understand what you're getting at. If the English deficit of taxes against spend was £275bn then per capita things would be equal. however, I doubt the English deficit is anywhere near that, as you are probably aware too, so your point isn't really valid.
It's likely to be around that this year!

As a % that kind of deficit for Wales wouldn't be unprecedented, and other countries have managed that previously and come out the other side much better.
The idea being if you have an economy run to benefit Wales then we will see increased growth, and reduce the defecit.