Future Welsh income tax?

The Silk Commission - set up to consider the case for increasing the powers of the Welsh Assembly - has recommended the Welsh government should have the power to vary income tax by 2020.

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Welsh income tax change only after a referendum - Shadow Welsh Secretary

Welcoming the Silk Commission's report, Shadow Welsh Secretary Owen Smith said:

In assessing those recommendations, we will need to test not only whether the proposals are in the financial interest of the Welsh people but also whether they pass the test of enabling an equitable and sustainable financial settlement for the whole of the UK.

And where those changes represent a significant departure from the current devolution settlement, for example on income tax powers, the Commission is right to conclude that such changes ought to be subject to a referendum.

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