Welsh Liberal Democrat leader, Kirsty Williams, has welcomed the introduction of the Wales Bill which would transfer tax and borrowing powers to the Welsh Government for the first time since devolution.
This is a proud day to be a Welsh Liberal Democrat. We have consistently supported greater financial powers for the National Assembly and today is a big step towards that goal.
I have been pushing for the Wales Bill to be published before the Queen’s Speech to ensure that it would pass before the next General Election. I am pleased this will now happen.
Tax varying powers will bring much needed accountability to Wales’ political system. It will sharpen minds in Cardiff Bay and bring the same level of accountability to Wales that exists in almost all other national parliaments. For too long the Welsh Government has been able to simply spend money without having the responsibility to raise it.
Stamp duty devolved to Wales could help lower the cost of buying a house and promote growth in the construction sector. If used effectively, devolving and reforming stamp duty could be a tool for growth and stimulating house building in Wales.
Wales must have a proper functioning parliament with additional fiscal responsibilities to help create a stronger economy and a fairer society.
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