No M4 deal yet - Welsh Government

The Welsh Government has welcomed George Osborne's promise that an announcement on a scheme to improve the M4 at Newport will come in the next two months. But a spokesperson said there are 'important issues that remain to be resolved.'

We have been pressing for an agreed funding package for a strategic enhancement to the M4 for many months. It's very welcome that the Chancellor has expressed support in principle and said a decision will be made on the details shortly. However, no deal has been done yet and we will continue to work through the important issues that remain to be resolved.

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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.