Autumn Statement

The Chancellor, George Osborne, is expected to deliver his autumn statement this lunchtime. Ahead of the announcement speculation is rife that he plans to cut welfare spending and also pospone the 3p rise in fuel duty until the next budget.

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First Minister responds to Autumn statement

Responding to the UK Government’s Autumn Statement, the First Minister Carwyn Jones welcomed the extra capital funding but warned that Wales still faces some very difficult spending decisions.

It is good to see the UK Government have listened to our call for extra infrastructure investment – we have been pressing the case for some time and are pleased that they have responded.

Despite this extra money, it must be remembered that our capital budget in 2014-15 will still be 39% lower in real terms than it was in 2009-10. The fact is we will still be experiencing deep cuts that will only hinder us in our attempts to boost economic growth.

The reality of this Autumn Statement is Wales is still facing a very tough public spending environment for years to come

– First Minister Carwyn Jones

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