Nick Clegg told delegates in Cardiff that he remains deeply committed to devolving more and more power to Wales. Our Political Editor Adrian Masters asked him why the UK Government hadn't moved more quickly to transfer control of 'minor taxes' recently recommended by the Silk Commission.
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Arriva, which has been operating the franchise for 15 years, pulled out of the bidding last year.
The fund is aimed at small and medium sized builders
It will be another very warm day inland, with cooler conditions at the coast.