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Osborne's budget to help create 'truly national recovery'

In a statement released ahead of his Budget, Chancellor George Osborne has vowed to deliver a Budget that will help create a "truly national recovery".

Unemployment down in Wales - but still above UK average

The unemployment rate in Wales has fallen to 6.2 per cent - but remains higher than the UK average.

Between November and January, 92,000 people here were out of work.

In the previous three months, the jobless figure was at 105,000 - or 7.1 per cent.

The unemployment rate in Wales has fallen by 0.9 per cent. Credit: PA

New figures from the Office for National Statistics show that, for the UK as a whole, the unemployment rate has dropped slightly to 5.7 per cent.

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Budget 2015: Follow us here for the latest news for Wales

Chancellor George Osborne is set to deliver his sixth, and arguably most important, Budget today.

Our Political Editor Adrian Masters will be in London gathering reaction and summing up the political response following the Budget announcement at 12.30pm.

Among the measures likely to affect Wales directly, the most eye-catching is thought to be an official go-ahead for plans for a tidal lagoon energy project in Swansea Bay. The £1bn development was given a partial thumbs-up in last year's Autumn statement.

Read more: What will the budget mean for Wales?

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