Plaid Cymru has criticised the UK Government’s budget funding for Wales.

Plaid Treasury spokesperson, Ben Lake MP has responded to the Chancellor’s Budget, stating that today's Budget was UK Labour's opportunity to prove that Wales is more than an afterthought in Treasury decisions.

He said, instead, it appears to have delivered the ‘worst funding settlement’ for Wales in years.

"After months of promises about a new relationship with Wales and a new approach from the Treasury, the question many people will be asking is – where is the ambition?” said Mr Lake.

"The Chancellor chose not to announce what Wales would receive in consequentials from this Budget. Buried in the documents is around £450 million of additional funding spread over three years. That falls well short of keeping pace with inflation and risks forcing the kind of spending reductions Wales experienced during the worst years of Tory cuts.

"The Budget also fails to make meaningful progress on longstanding injustices. The Cardiff Parkway station was announced by Keir Starmer in February 2026 as part of a package of seven new stations, yet the UK Government now expects Wales to welcome funding for just one of them.

"Plaid Cymru called for £1 billion of rail investment in this Budget to begin delivering the UK Government's £14 billion commitment to Wales. Instead, Wales has been offered just £30 million. A £14 billion promise has, in practice, translated into £30 million in this Budget.

"We welcome any movement on energy support, but scrapping gas standing charges is not enough. Many households across Wales are not connected to the gas grid and will see no benefit from this measure. Yet they continue to face some of the highest electricity standing charges in Britain, and the Budget does nothing to address that unfairness.

"The people of Wales voted in May for a new relationship with Westminster and a fairer deal for Wales. Today's Budget suggests that, while the faces in Downing Street may have changed, the Treasury's approach to Wales has not,” he added.

In response to the UK Government’s Budget, the Welsh Government Cabinet Minister for Finance Elin Jones, of Plaid Cymru said: "This is a real-terms cut dressed up as a windfall. The UK Government will try to present today's budget as a win for Wales. It isn't. Once you account for inflation, this is still a real-terms cut to our funding, not new money that improves our position.

"Today's budget hasn't shifted the dial. Our fiscal position is worse than it was before the Chancellor stood up, and that has direct consequences for our own Budget on 17 November.

“We will need to make tough choices, prioritise wisely, and drive further efficiency across the public sector, so that we can sustain investment in the areas that matter most to people in Wales.

“On rail, fiscal flexibilities and public services, Wales has been ignored again.”