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.
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