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A new funding floor for Wales has been announced for Wales as part of the Chancellor's Spending Review.
The move is designed to ensure that Welsh funding does not drop below a specified level.
The Chancellor also announced that devolution of income tax can go ahead without a referendum.
A new Cardiff city deal will also be funded, the Chancellor said.
Latest ITV News reports
Politicians say how they'd alter Welsh income tax rates following a major change which could speed up the transfer of tax powers
From pensioners to first-time buyers to public sector workers, a rundown of how today's Autumn Statement and Spending Review affect you.