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The Welsh Local Government Association says the Budget means there are tough times ahead for local communities, with reduced public services and welfare cuts.
Jane Hutt, the Welsh Government's Finance Minister, said "we're very constrained and disappointed by this Budget."
"There's no new real money for capital spending - there's cuts to our revenue budgets", she said.
The Shadow Welsh Secretary, Owen Smith, has attacked the Chancellor both for his overall economic strategy and for the specific consequences for Wales of today's Budget.
Plaid Cymru Finance Spokesman Jonathan Edwards says the economic figures contained within the budget suggest a bleak future for Wales.
Wales Office minister Baroness Randerson tells Political Editor Adrian Masters that the budget was 'as good as we could possibly have hoped for' for Wales both in terms of the amount of money the Welsh Government gets to spend and in terms of other measures for families.
Labour's Shadow Welsh Secretary Owen Smith says the Chancellor's budget gives to Wales with one hand and takes away with the other.
The Resolution Foundation, an independent research and policy organisation, analysed the Chancellor's 2013 Budget:
- Personal tax allowances: Small gains for the great majority of tax payers excluding the very highest and lowest earners. However three-quarters of the £1 billion goes to households in the top half.
- Fuel duty: The freeze on fuel duty will disproportionately benefit lower and modest income families.
- Childcare: Welcome increase in generosity of childcare support through Universal Credit but only a minority of working low-income families with children will benefit.
- Housing: Focus on new supply to be welcomed but focus on home ownership is unlikely to benefit those on low and modest incomes.
- Wages: OBR forecasts show wages have dipped further than previously realised. For the median worker, the downturn has become even more severe.
The Wales Office has released further details of the changes to the capital and revenue budgets that the Welsh Government will have to spend in 2013/14 and the projected figures for 2014/15, which are subject to further change in next year's Budget.
Capital spending will rise by £161 million.
- 2013/14: £63 million increase
- 2014/15: £98 million increase
The figure released earlier, of an extra £104 million over two years, includes revenue spending, which accounts for the vast majority of the Welsh Government's budget. It will be cut by £59 million.
- 2013/14: £27 million decrease
- 2014/15: £32 million decrease
The Wales Office points out that this is a 0.2% cut, compared to a 1% cut for most UK government departments. The Welsh Government argues that cuts announced by the Chancellor last autumn also have to be taken into account, leading to a bigger total drop in revenue spending.
- 2013/14: £32 million decrease
- 2014/15: £81 million decrease
The Welsh Conservatives have called on the Welsh Government to make effective use of an extra £161 million in capital spending over the next two years.
Meanwhile Plaid Cymru’s Treasury spokesperson, Jonathan Edwards MP, has reacted to the Chancellor’s Budget by saying it will bring little benefit to the Welsh economy and is a clear indication that Treasury policies are failing Wales.
Mr Edwards welcomed the news on childcare support though it won't help those on tax or universal credit. He said that left those on the lowest incomes facing the greatest barriers to meaningful work. He also welcomed the scrapping of the rise in fuel costs and the £10,000 income tax threshold.
Latest ITV News reports
Welsh families, businesses and politicians have been counting the cost of today's Budget, as they look to balance their own books.
From Credit crunch to VAT, here is a quick glossary of some of the key terms you will hear in this year's Budget.