New financial powers for Wales

The Prime Minister confirms further devolution for Wales, including borrowing powers & referendum on income tax.

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Cameron confirms more devolved powers for Wales

The Prime Minister has confirmed that the Welsh Government will be given powers to raise their own income tax - subject to a referendum. Stamp duty on the purchase of homes and other property will definitely be devolved.

There will also be more powers for the Government here to borrow money for major construction projects like the M4 relief road.

Our Political Editor Adrian Masters reports on how we could pay some of our taxes direct to the Welsh Government in the future.

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