Responding to the UK Government’s Autumn Statement, the First Minister Carwyn Jones welcomed the extra capital funding but warned that Wales still faces some very difficult spending decisions.
It is good to see the UK Government have listened to our call for extra infrastructure investment – we have been pressing the case for some time and are pleased that they have responded.
Despite this extra money, it must be remembered that our capital budget in 2014-15 will still be 39% lower in real terms than it was in 2009-10. The fact is we will still be experiencing deep cuts that will only hinder us in our attempts to boost economic growth.
The reality of this Autumn Statement is Wales is still facing a very tough public spending environment for years to come
The numbers in the Chancellor's statement show a far weaker economic picture than the government had hoped for and some heroic assumptions.
George Osborne has this lunchtime delivered his Autumn statement. Set out below is a brief summary of the impacts it will have on Wales.
Welsh politicians are watching closely as George Osborne's latest spending plans are unveiled