The Treasury has confirmed that it will consult businesses over the potential impact of transferring responsibility for stamp duty to the Welsh Government. It's one of the recommendations of the Silk Commission.
A full response from the UK Government to the Silk recommendations had been due this spring but has been delayed until the autumn. Chief Secretary to the Treasury Danny Alexander said the consultation will lead directly to that announcement.
This is an important final step to enable us to respond to the Silk Commission’s recommendations. There is a very strong case for devolving fiscal and economic levers to the Welsh Government, but it is right that we fully understand the potential impacts so that we can ensure that the decisions we take are right for Wales and for the UK as a whole.
More top news
Window cleaner Gavin Tainton tied up the 88 year-old woman with electric wire and left her for dead at her home where she lived alone.
The price of first and second class stamps is to increase by 1p each to 63p and 54p from March 30, the Royal Mail announced today.
New figures show that heart disease and dementia are the leading cause of deaths for people in England and Wales in 2013.