Welsh Government gets borrowing powers to finance M4 relief road

Today's agreement gives a way for the Welsh Government to borrow money to pay for an M4 relief road to ease the massive congestion that we regularly see around Newport.

It's also sparked angry warnings from environmentalists that the project will threaten the internationally important Gwent Levels.

Our Business Correspondent Carole Green has been listening to the arguments

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New financial powers for Wales

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