Unemployment in Wales might have fallen, but Business Minister Edwina Hart says the economic situation here remains 'challenging'.
The Business Minister has told AMs that she won't ask the UK Treasury for further tax breaks (known as Enhanced Capital Allowances) for enterprise zones until she gets clarity on restrictions being imposed on assistance the Welsh Government can offer businesses in the zones. Edwina Hart said:
But she added that won't mean work on the Enterprise Zones will grind to a halt:
A Whitehall source said the UK Government would be 'keen to help resolve any outstanding issues' but called for an 'injection of realism' about what can be achieved, adding that 'the longer this drags on, the longer there is a lack of clarity for the businesses which would benefit.'