Osborne rules out new M4 tolls

The Chancellor, George Osborne, has ruled out using tolls to pay for a new stretch of the M4 motorway around Newport. He dismissed claims that the Treasury was considering such a move as 'misreports.'

He told our Political Editor Adrian Masters that he's 'never seen or considered a proposal to toll the M4.' But he said he hoped to give the go-ahead 'in a couple of months' to a scheme to improve it which has been the subject of talks with the Welsh Government.

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Osborne: No tolls for M4

The Chancellor has confirmed that there be no tolls on any new M4 relief road. George Osborne made the comments on a visit to Cardiff. It follows reports that the UK Government would guarantee borrowing by the Welsh Government to pay for a new road.