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Details of new powers for Welsh Government set out

The Welsh Secretary and the Chief Secretary to the Treasury have jointly introduced the Wales Bill into parliament. This is the legislation which would transfer new financial powers to the Welsh Government.

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Income tax power will unlock borrowing says Welsh Secretary

Welsh Secretary David Jones has dismissed criticism of the form of income tax devolution set out in the Wales Bill. Under the proposed changes, a future Welsh Government would be able to vary income tax levels but only by altering all three rates simultaneously.

Critics say that would mean the power would never be used because changing all three rates would be too expensive. But David Jones says it would still lead to a significant change in financial flexibility for the Welsh Government.

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