Budget 2014: What does it mean for Wales?

Chancellor George Osborne confirms the Wales Bill relating to tax and borrowing powers for the Welsh Government will be published tomorrow.

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FSB calls for transparency ahead of budget

The budget will be announced this lunchtime. Credit: Lewis Whyld/PA Wire

The Federation of Small Businesses has called for more competition and transparency in key business sectors ahead of today's budget announcement.

The Chair of the FSB's Welsh Policy Unit, Janet Jones, is also looking for further details regarding the devolution of business rates which she calls 'a significant issue for our members'

"FSB research continues to show increased confidence within Wales, notably in members' investment and employment intentions," she said.

"With the recovery underway it is important that businesses begin to feel the measures already announced are having a positive impact.

"This is why the Chancellor should look at 'focus and delivery' for initiatives already announced to create long term growth.

"For Wales specifically we will be hoping to see further detail around the devolution of business rates, which remain such a significant issue for our members here."

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