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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

Wales gets £400 million from infrastructure plans

Chancellor Phillip Hammond is delivering his autumn statement to MPs Credit: Parliament TV

Chancellor Phillip Hammond says Wales will get £400 million as a consequence of the spending on roads and other infrastructure that he's announced for England.

The Chancellor said high value infrastructure investment will improve Britain's productivity and so he could justify the "short term borrowing" to pay for it.

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Borrowing to fall but surplus to remain beyond 2020

Chancellor Philip Hammond announced new borrowing figures.

Chancellor Philip Hammond has announced rising Government borrowing figures as he confirmed it no longer plans to deliver a surplus in public finances by 2020.

He said Government borrowing will fall from £68.2bn this year to £21.9bn in 2019-20, followed by £20.7bn and £17.2bn in 2021-22.

ITV Economics Editor Noreena Hertz tweeted:

The new figures show a widening gap between the planned forecasts delivered by his predecessor George Osborne back in March.

£55.5bn
March forecast of Government borrowing in 2016.
£68.2bn
New forecast of Government borrowing in 2016.
£38.8bn
March forecast of Government borrowing in 2017.
£59bn
New forecast of Government borrowing in 2017.
  1. National

Chancellor prepares for 'new chapter' in Britain's history

Chancellor Philip Hammond has left Downing Street to deliver his first Autumn Statement.

Chancellor Philip Hammond has said his first Autumn Statement "is focused on preparing and supporting the economy as we begin writing a new chapter in our country's history".

He sent out a tweet shortly before leaving 11 Downing Street to head to the House of Commons.

Mr Hammond will deliver the Statement after Prime Minister's Questions.

  • Watch the Autumn Statement live on our Facebook page from 12.30pm.

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Welsh Government allowed to intervene in court battle over Brexit process

The Welsh Government will be allowed to intervene in a court battle over how the Brexit process should be formally triggered.

Credit: PA images

A Supreme Court judgement ruled that the Welsh and Scottish governments will be legally able to pitch in on how Britain formally leaves the EU.

The UK Government is appealing against a High Court ruling that the Prime Minister Theresa May must seek MPs' approval to trigger the process of taking Britain out of the European Union.

Counsel for the Scottish Government is being invited by the Supreme Court justices to address the court on the relevance of points of Scots law, so far as they do not form part of the law of England and Wales.

Wales' Counsel General Mick Antoniw AM announced his intention to apply for permission to intervene earlier this month.

I very much welcome the Supreme Court’s decision to grant the Welsh Government permission to intervene in the appeal. This case raises issues of profound importance not only in relation to the concept of Parliamentary Sovereignty but also in relation to the wider constitutional arrangements of the United Kingdom and the legal framework for devolution. This case is not about whether the UK leaves the EU or not. The people have voted for the UK to leave the EU, and the UK will leave. The sole legal question at issue is whether the UK Government can, as a matter of constitutional law, use the Prerogative powers to give notice of withdrawal from the European Union.

– Mick Antoniw AM, Counsel General for Wales
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