Autumn Statement 2013

George Osborne has delivered his latest assessment of the state of the economy in the Autumn Statement, announcing growth forecasts for the coming years are 'significantly up'. A net increase in budget for the Welsh Government has also been promised.

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  1. Adrian Masters

How much extra money for the Welsh Government?

When it comes to extra money being given to the Welsh Government as a result of spending announcements made by the Chancellor, you might be confused to see two figures being used. Some are saying the total is £233m over the next two years, others are saying £100m.

UK Government sources say that the increases do add up to the higher figure but that the Welsh Government is right to say cuts and other changes bring the real total down. Chief amongst these is that the Welsh Government doesn't get extra funds (known as consequentials) related to business rates.

Both governments believe£100m is more accurate and that amounts to virtually no change on a £15bn total budget. UK Government sources say that's a good result for Wales; Welsh Government sources say that after a real terms cut of £1.7bn since 2010 difficult decisions will still have to be made.

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