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New financial powers for Wales

The Prime Minister confirms further devolution for Wales, including borrowing powers & referendum on income tax.

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PM and Deputy PM on tax raising powers for Wales

The Prime Minister and Deputy Prime Minister answer a question from our Political Editor Adrian Masters at this morning's press conference in the Senedd.

Mr Cameron said he was reluctant to indicate a preference for when he would want a referendum on Wales taking some control over income tax to take place.

"Our role as UK politicians and leaders is to pass the enabling legislation" he said.

"As a Conservative is to say I think it's good when governments are responsible for raising some of the money that they spend themselves"

"I look forward to the opportunity of being able to campaign as a low-tax Conservative in Wales".

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