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.
Chancellor Phillip Hammond has said that he is "recommitting" to the support for Swansea and north Wales city deals announced by his predecessor, George Osborne. The aim is to encourage fresh business investment in the chosen areas.
A very positive outcome, to have the Chancellor’s public confirmation on commitment for a North Wales Growth Deal.
With the extra £400m announced by the Chancellor for Wales, we hope to see a fair proportion of that, supporting the economy of North Wales, for example on key investments as outlined in the Growth Vision for North Wales, especially on infrastructure and the Growth Track 360 rail investment campaign.
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.