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Before we explore the details of the letter further, could you advise the committee about the latest discussions with the UK Government and other devolved Administrations regarding a potential single UK governance body?
'NRW' refers to Natural Resources Wales, which is a Welsh Government sponsored body.
'EA' refers to the Environment Agency, which is a non-departmental body public body, funded by the UK Department for Environment, Food & Rural Affairs.
This could result in the SFC forecasts being much more optimistic than the OBR forecasts. This would be good news for the Cabinet Secretary in managing her Budget 2021/22 but potentially bad news for whoever is the Cabinet Secretary in 2024/25.
Does the committee agree to make no recommendations in relation to the regulations? Members indicated agreement. 11:26 Meeting continued in private until 12:35.