Speaking after a meeting with the party leaders in Wales, the Welsh Secretary Stephen Crabb, said he was 'encouraged' by the goodwill shown by all four leaders and optimistic that a plan could be agreed by St. David's Day 2015.
Welsh Secretary Stephen Crabb says he'll be making the case for North Wales rail electrification 'at the heart of government.'
He's set to make his promise during a speech at the Daily Post business awards this evening which is part of histwo-day tour of the North.
Mr Crabb is expected to say:
Plaid Cymru says Wales will continue to lose out after the Prime Minister told MPs that there is no reform 'on the horizon' for the Barnett Formula, which limits any change in the funding that the UK Treasury gives to the Welsh Government.
Welsh Secretary Stephen Crabb has welcomed the announcement of more than a thousand new jobs at six projects in Wales. He said the news is sign that the UK Government's long term economic plan is working and that Wales is poised to benefit from this week's investment summit.
The Prime Minister has told MPs that change to the way that Wales is funded isn't 'on the horizon.' David Cameron said that the current arrangements will become less important as the Welsh Government gets more control over raising its own finances through taxes.
He was being questioned about the next steps for devolution by the chairs of committees in the House of Commons. Monmouth MP, David TC Davies, who chairs the Welsh Affairs committee, asked him if the so-called Barnett Formula will be scrapped.
You can see the Prime Minister's answer in the video below:
Welsh Secretary Stephen Crabb said the coming months provide a 'unique opportunity to reshape the future' of the United Kingdom. He told an event organised by the Institute of Welsh Affairs that the pressure for change is irresistible.
Welsh Secretary Stephen Crabb says he intends to publish a 'blueprint' for the next stages of devolution by Saint David's Day 2015. Speaking at an event in Cardiff organised by the Institute of Welsh Affairs, Mr Crabb said that cross-party talks he's holding are aimed at reaching an agreement on the way forward.
New Welsh Secretary Stephen Crabb turns to one of the items at the top of his in-tray today -the row between the Welsh and UK governments over who pays for the electrification of the Valley lines. Ministers in Cardiff Bay say Mr Crabb's predecessors, Cheryl Gillan and David Jones, were quick to claim the credit for the giving the multi-million pound project the go ahead, so there's no way that the bill should be passed on.
Today Mr Crabb will hold talks with this cabinet colleague, the Transport Secretary, Patrick McLoughlin. The Transport Department argues that as the Welsh Government manages the Wales and Borders rail franchise, it should be responsible for repaying the cost. That would mean either funding a bigger subsidy or putting up the fares.
Only yesterday, the Prime Minister defended what he saw as a done deal but ITV news understands that there might at least be a concession over how quickly the money needs to be repaid. A senior Welsh Government source was also optimistic that the dispute could soon be settled.
The new Welsh Secretary Stephen Crabb says there's no competition between him and Welsh Conservative leader Andrew RT Davies.
There had been disputes between Mr Davies and the previous Welsh Secretary over which man should be considered leader of the Tories in Wales.
Mr Crabb says they both have different jobs to do.