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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.

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£400 million extra "won't meet needs of Wales" says Finance Secretary

Mark Drakeford gave his instant response to the Auntmn Statement to AMs Credit: Senedd TV

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

– Finance Secretary Mark Drakeford AM

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.

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