New financial powers for Wales

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

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  1. Adrian Masters

'No income tax power without referendum' insists UK Government

There have been swift moves to quash suggestions I reported on earlier that income tax-varying powers could be devolved without a referendum. A source close to the Secretary of State told me there is 'no question of imposing [tax devolution] on the people of Wales.'

The source said the UK Government's position is unchanged: we intend to proceed with a referendum and will call for as early a vote as possible. Welsh Conservatives will campaign for a 'Yes' vote to give Wales a competitive edge.'

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