Carwyn Jones has been reacting to the letter he's received from the Prime Minister, saying that the cut in European aid to Wales will be limited to 5% because funds intended for England will be reallocated.
We remain disappointed that the overall EU budget agreement fails to deliver the scale of investment needed to stimulate growth and jobs, particularly for vulnerable regions such as West Wales and the Valleys.
That said, we are pleased that the Prime Minister has listened to our arguments and has sought to deliver a fairer settlement than that originally proposed. We hope that the UK Government will now move quickly to agree these arrangements with the European Commission so that our new programmes can start on time.
More top news
A farm owner has been jailed in south Wales after forcing a "vulnerable" labourer to work for free for 13 years while living in squalor.
In the last of the current series of Face to Face, Adrian Masters talks to the journalist and author Nesta Wyn Ellis
A wet and blustery start to the day, but it will brighten up this afternoon!