An announcement on the prospect of the Welsh Government gaining borrowing powers won't be made this week as had previously been expected.
Welsh Secretary David Jones had previously said that the UK Government's response to the Silk Commission would be made in the spring which he said was defined as ending on June 21st. The Wales Office say there won't be an announcement before June 21st. David Jones says,
We have made good, positive progress in our assessment of the Silk Commission's recommendations. We expect to make an announcement in the very near future.?
The Silk Commission recommends that the Welsh Government should be able to vary income tax rates here in Wales.
The Silk Commission's first report is published today. It's expected to recommend the Welsh Government should have control of some taxes.