My Lords, very few people would ever call me timid. I think it fair to say that it is for exactly the reasons my noble friend has outlined that we are seeking to move at pace to ensure that we can participate in Erasmus in 2027–28. It has notable benefits, and we look forward to making sure that we …
My Lords, this Government have been very clear that we have no plans to review the Barnett formula. Having said that, our manifesto stated that we recognise that the Welsh fiscal framework is out of date. We are continuing conversations with our colleagues in Wales about how we can make it work.