Former cabinet colleagues clash over deal with Treasury
Finance Minister Jane Hutt received broad support from Conservatives and Liberal Democrats when she spoke in the Senedd about today's announcement of the Welsh Government's deal with the Treasury on funding and borrowing. But the former Deputy First Minister, Ieuan Wyn Jones was highly critical.
– Plaid Cymru Finance spokesperson Ieuan Wyn Jones AMI can't join in this love-in. This is an awful deal. The Treasury have taken you to the cleaners
– Finance Minister Jane Hutt AMI have to ask -would you have got the Treasury on side? Get real, come on board.
Today's statement from the two governments says a new funding settlement to replace the 30 year old Barnett formula is 'an essential precondition for any significant devolution of taxes' but that any borrowing powers will be subject to there being tax -or other- revenue to repay the loans.
Mr Jones claimed that the Welsh Government had failed to secure a key objective set out by the First Minister, that borrowing powers and tax raising powers would not be linked. Earlier, Ms Hutt had confirmed that discussions on paying for improvements to the M4 are 'at the top of the agenda'.
More top news
Glamorgan's Mark Wallace on his 'whirlwind' year
Glamorgan captain Mark Wallace talks Glamorgan legends, ICC Champions Trophy and why Abergavenny CC means so much to him.
THE FERRET
Catch up on the latest episode of The Ferret broadcast on ITV Cymru Wales on Friday 14 June.
Your pictures of the week
Rain, showers, wind, sunny spells... we've had it all over the last few days. Mediocre weather - but marvellous pictures!