1. ITV Report

Chancellor's Autumn Statement : what it means for Wales

George Osborne Photo: PA/PA Wire/Press Association Images

This is the Treasury's version of what the Autumn statement will do for Wales:

  • 13,000 people to be lifted out of income tax and 1.1 million to pay less income tax as a result of Personal Allowance reforms.
  • Cancelling the planned rise in fuel duty in January will reduce running costs for the 1.8 million motor vehicles in Wales, saving a typical motorist £40 a year.
  • As a result of spending decisions at the Autumn Statement the Welsh Government will benefit from an additional £227m of capital spending.
  • £38 million research partnership for the Swansea University Energy Safety Research Institute
  • Newport to be in the second wave of super-connected cities. Business support measures will benefit 193,000 small and medium enterprises in Wales.
  • 100 per cent capital allowances for investment in plant and machinery will be made available at designated sites in the Ebbw Vale and Haven Waterway Enterprise Zones, to support investment that could provide more than 1,000 jobs.

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