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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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Hammond announces measures for workers

Chancellor Philip Hammond has announced measures for lower-income and self-employed workers in his first Autumn Statement.

He said that the minimum wage will rise by 30p an hour that the Government will raise the income tax free personal allowance to £12,500 by the 2020 at the latest.

£7.50
minimum wage as of April 2017 - rising from £7.20
£11,500
Income tax free personal allowance as of April 2017 - rising from £11,000
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Chancellor: MoJ to hire 2,500 additional prison officers

The Ministry of Justice has been given permission to employ a further 2,500 prison officers "to tackle urgent prison safety issues," Philip Hammond has announced in his first Autumn Statement.

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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