New financial powers for Wales

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

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More details on financial powers by end of month says Lib Dem leader

The Welsh Liberal Democrat leader says she expects further details about transferring tax and borrowing powers for the Welsh Government to be set out at 'an event' later this month. Kirsty Williams says it will involve Chief Secretary to the Treasury, Danny Alexander and Finance Minister Jane Hutt.

The changes were announced by the Prime Minister during his visit to Wales last week. Click here for further details of what was announced and what it means.

She also says she understands that the key financial changes including a referendum on income tax are likely to be added to a previously-announced draft Wales Bill which overturns the so-called 'dual candidacy' ban in Assembly elections.

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