Autumn Statement 2016
The UK Government has set out its first set of spending plans since the decision to leave the European Union.
Chancellor Philip Hammond has said Wales will receive an extra £400m to spend on capital projects.
The UK Government has set out its first set of spending plans since the decision to leave the European Union.
Chancellor Philip Hammond has said Wales will receive an extra £400m to spend on capital projects.
Finance Minister Mark Drakeford has told AMs that the Welsh Government will make the most of extra money from the Chancellor. But he added that £400 million over five years was not going to meet the needs of Wales.
The Chancellor should grasp the urgent need to invest in the UK economy
Mr Drakeford said the money announced today wouldn't make upo to the 33% cut in the Welsh Government's capital budget since 2010. It's currently £1.5 billion a year.
The First Minister has criticised Wednesday's Autumn statement blaming what he calls "failed austerity".
Mark Drakeford says he'll decide soon which infrastructure projects will take priority for funding, as Wales reacts to the Autumn Statement.
The Welsh Government’s budget will increase by more than £400m, giving it even greater spending power.