Former Welsh Secretary Peter Hain is urging the Welsh Government to hand over revenue from business rates to new city regions to help transform the economy of Wales. He says ministers in Cardiff should follow the recommendation of a report by former Labour cabinet minister Lord Adonis.
Labour leader Ed Miliband used the report as the basis for his pledge to give strong powers including control of business rates to 'regional powerhouses' in England. Here in Wales there are already plans for two city regions, one based around Swansea and the other in the South East.
Control over business rates is partially devolved but is expected to be transferred to the Welsh Government in full through the Wales Bill currently being considered by Parliament. In a speech in Cardiff tonight Peter Hain will say.