Wales reacts to Budget ups and downs

Welsh families, businesses and politicians have been counting the cost of today's Budget, as they look to balance their own books.

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Welsh Govt: 'we're standing up for Wales'

The Welsh Government Finance Minister is unveiling more than £600m capital investment funding, which Jane Hutt said was "a clear demonstration or our determination to stand up for Wales."

She also called on the UK Government to devolve stamp duty to Wales, and announced £32m to complete the Noah's Ark Children's Hospital for Wales in Cardiff.

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JH: "We want to do more to support housing & first time buyers. I repeat my call to the UK Govt to devolve Stamp Duty" #welshbudget14

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JH: "We will invest £32m in new health facilities, inc funding to complete the Noah's Arc Children's Hospital for Wales" #welshbudget14

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JH: "This significant package of investment is a clear demonstration of our determination to stand up for Wales" #welshbudget14

£62m Welsh Govt funding for South East Wales metro

The Welsh Government has announced more than £600m of funding for infrastructure, which it says will create 11,000 jobs.

Finance Minister Jane Hutt says that among the schemes given investment will be a much-talked about metro scheme for South East Wales.

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.@wg_financemin Jane Hutt is announcing a £617.5m package of capital investment in Wales' infrastructure - creating 11k jobs #welshbudget14

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.@wg_financemin announces £62m for the first phase of a new scheme to create a Metro system in SE Wales #welshbudget14

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JH: We will invest £170m in housing - inc £140m for Help to Buy Cymru which will help buyers purchase a new home #welshbudget14

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Welsh Govt to announce funding for major projects

The Welsh Government will announce this morning which major projects it will fund in the coming year.

The Finance Minister Jane Hutt is due to lay out "a substantial package of capital investment", as part of spending proposals for 2014-15.

Jane Hutt will outline the capital allocations from the Draft Budget this morning.

The Draft Budget was unveiled yesterday, with an extra £156m for the health service.

Local authorities and education will see their funding cut.

Watch: Welsh Budget - how will it affect your community?

£20m investment 'to support apprenticeships'

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To tackle youth unemployment, we will extend Jobs Growth Wales to create 4,000 extra job opportunities for young people #welshbudget14

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This will take the total number of job opportunities created from 12,000 to 16,000 #welshbudget14

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We will invest a further £20m in 14/15 to support apprenticeships in Wales #welshbudget14

£100m cuts to pay for NHS increase

At first glance it seems every other Welsh Government department will see its budget cut in order to pay for the increase in spending on the NHS. It adds up to £100m cut for 2014/15. Local government takes the biggest hit, losing £98m from its allocation for 2014/15. The other departmental cuts are:

  • Economy, Science Transport - £26.9m
  • Education and Skills - £77.5m
  • Natural Resources and Food - £22.2m
  • Housing and Regeneration - £6.6m
  • Culture and Sport - £4.3m
  • Central administration - £4.1m

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£50m Intermediate Care Fund to be created

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We will create a new & innovative £50m Intermediate Care Fund to drive integration of health, social services and housing #welshbudget14

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This new fund will help people stay in their own homes and relieve pressures on other services #welshbudget14

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Our top priority is boosting economic growth and creating jobs #welshbudget14

Health budget to increase by £570m says Finance Minister

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JH: “This budget is grounded in the principles of fairness and social justice” #welshbudget14

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JH: “At the heart of today’s plans is our commitment to the NHS.” #welshbudget14

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We will increase the Health budget – with an additional £570m of revenue being invested over next 3 years #welshbudget14

'Bargain bucket' budget deal - Tories

by Adrian Masters

The Welsh Conservatives remain unimpressed by the budget deal between Labour, Plaid Cymru and the LIberal Democrats. This morning, Opposition leader Andrew RT Davies said it was 'up to them (the other two opposition parties) how they want to prop up this tired, clapped-out Labour government.'

And now that the deal's been announced, a source describes it to me as 'a bargain bucket deal with a Poundland government.'

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