Spending Review and Autumn Statement 2015

A senior Labour figure has urged caution over the prospect of a future Welsh Government being given income tax powers without a long-term guarantee of funding.

The Chancellor announced this week that the law would be changed to give Welsh ministers part control over income tax without the need for a referendum.

George Osborne announced a deal on overall funding for Wales but only for the duration of the current parliament.

On a visit to the National Assembly, Shadow Chief Secretary to the Treasury, Seema Malhotra, told Political Editor Adrian Masters that there must be a longer term funding promise.

The Chancellor's Spending Review has divided opinion both in Wales and Westminster.

While the Shadow Welsh Secretary says it has "worrying implications" for people here, Welsh Secretary Stephen Crabb has described it as a "landmark" for Wales.

Mr Crabb has spoken to our Political Editor Adrian Masters about the Review and what it means for us:

Shadow Welsh Secretary Nia Griffith says the Spending Review has "worrying implications for us in Wales".

She says the Chancellor has gained some clever headlines but says that the changes he's announced will hurt people in Wales.

Plaid Cymru leader Leanne Wood says the Chancellor's Spending Review will make life difficult for a lot of people in Wales.

She's welcomed some moves on funding for Wales but says the overall package is bad news.

The Treasury has confirmed that the Welsh Government's budget will fall by 4.5% in real terms as a result of the Chancellor's spending review. Modest cash increases in the revenue budget, which finances day-to-day expenditure will be more than cancelled out by inflation.

• 2015/16: £12.9 billion
• 2016/17: £13.0 billion
• 2017/18: £13.1 billion
• 2018/19: £13.2 billion
• 2019/20: £13.3 billion

However, there's better news for the Welsh Government's capital budget, which pays for new roads, schools and hospitals. That's going up by 4.7% -a cash increase from £1.5 billion to £1.7 billion by 2020. So the Chancellor's promise of a budget totalling £15 billion will be kept and he's also committed to keeping overall spending in devolved areas 15% higher in Wales than in England until the next Westminster election.

The campaign group True Wales which formed the NO campaign in 2011's Welsh powers referendum has criticised a UK Government move on devolving income tax.

George Osborne announced in his Spending Review statement that long-planned control over part of income tax will be transferred to the Welsh Government without the need for a referendum.

This is a major change from the law which paved the way the transfer and has been welcomed by some politicians in all parties, although a number of Welsh Conservatives remain opposed.

But Rachel Banner of True Wales says the move makes the 2011 referendum 'illegitimate.' Here's her statement:

The Secretary of State for Wales says this is a "landmark" spending review for Wales.

The Welsh Health Minister has responded to the Chancellor's criticism of health spending in Wales.

During his Spending Review, George Osborne said while health spending had increased in England, it had been "cut" by Labour in Wales.

In a tweet, Mark Drakeford said an extra £1.1bn has been invested in the Welsh NHS over the last two years and that health now accounts for almost half of the Welsh budget.