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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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Chancellor "recommits" to Swansea and north Wales deals

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.

– Ashley Rogers, North Wales Business Council

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