BUDGET REACTION: Andrew RT Davies

Leader of the Welsh Conservatives in the Assembly, Andrew RT Davies AM welcomes 'a budget that rewards work, backs business and will support the economy, while benefiting tens of thousands of families the length and breadth of Wales.' And he hit out at criticism of it from the Welsh Government:

The Welsh Government’s refusal to accept the huge advantages within (the budget) smacks either of politically motivated rhetoric or a complete lack of understanding.

Important announcements on broadband, increased funding for the Deeside enterprise zone and further consideration of valleys rail electrification should be welcomed by all. It is now up to Labour ministers to stop scaremongering and work constructively with the UK Government on each of these measures.

And he set out how the extra £11.7m coming to Wales as a result of the budget should be spent:

The additional funding made available today should also be prioritised on areas so far ignored by the Welsh Government, notably further support for homeowners who have been denied a council tax freeze or the introduction of a much-needed cancer drugs fund in Wales

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Budget 2012

The Chancellor George Osborne presents the UK Government's 2012 Budget