https://www.vaultsoftheodd.com/tags/fiscal-capacity/Recent content in Fiscal Capacity on Vaults of the ODDHugoen-gbTue, 16 Jun 2026 10:00:00 +0000https://www.vaultsoftheodd.com/politics/welsh-constitutional-development-framework/Sat, 13 Jun 2026 10:00:00 +0000https://www.vaultsoftheodd.com/politics/welsh-constitutional-development-framework/A strategic framework for Welsh constitutional development across the 2026–2030 Senedd term. Its thesis is that constitutional durability follows institutional capability rather than preceding it — that building governing capacity is itself constitutional work, and serves Wales under any of the futures identified by the Independent Commission on the Constitutional Future of Wales.https://www.vaultsoftheodd.com/politics/wales-westminster-constitutional-development/Sat, 13 Jun 2026 10:00:00 +0000https://www.vaultsoftheodd.com/politics/wales-westminster-constitutional-development/The Westminster-facing companion to the Framework. It examines where the present devolution settlement creates problems — institutional coherence, accountability, intergovernmental friction, constitutional asymmetry — and where reform would serve both Welsh and UK Government interests. It argues no single constitutional endpoint.https://www.vaultsoftheodd.com/politics/comparative-fiscal-capacity/Tue, 16 Jun 2026 10:00:00 +0000https://www.vaultsoftheodd.com/politics/comparative-fiscal-capacity/A comparative analysis of what each live constitutional path — the current settlement, enhanced devolution and independence — would require Wales to build in fiscal capacity, and how strong the evidence is for each requirement. Working through eleven mechanisms, from territorial funding and borrowing to currency, welfare and payment systems, it argues the paths are not steps on a single ladder of more or less power but different problems of capacity — and recommends none of them. A companion evidence annex carries the full method, mechanism dossiers and source log.