Budget 2016
George Osborne MP has delivered his budget for the next financial year. The tolls on the Severn Crossings will be halved from 2018, a new 'lifetime ISA' is being introduced and flood defences will be given a £700million boost.
Severn Crossing tolls set to be slashed in half from 2018
Tolls on the two Severn Crossings are to be halved from 2018, Chancellor George Osborne MP has announced in his budget speech.
It currently costs £6.60 for cars, £13.20 for small goods vehicles and small buses and £19.80 for heavy goods vehicles and buses.
The news will be welcomed by commuters and businesses alike.
Read more: Severn Crossing tolls to increase from January 1st
The Federation of Small Businesses Wales (FSB) policy chairwoman Janet Jones claimed the reduction in charges would result in an uplift of confidence among businesses.
The Chancellor announced last year that tolls for cars and vans would be reduced to £5.40 in 2018. The tolls will not be subject to VAT when the two bridges come back into public ownership in 2018.
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Sugar tax announcement welcomed by Plaid leader
Plaid Cymru leader Leanne Wood has welcomed today's budget announcement of a tax on sugary drinks.
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Lifetime Isa: What the new saving scheme means for you
A surprise Budget announcement by then-chancellor George Osborne back in March 2016, the Lifetime Isa has finally come into practice.
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Budget 2016: a budget with the Welsh election in mind
Government sources say this was a budget from a Chancellor prepared to invest in Wales, no doubt May's Welsh election was also in his mind.