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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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Shadow Welsh Secretary calls for a 'uniting' budget

Ahead of the budget announcement later, the Shadow Welsh Secretary has called for a budget that "unites the country, tackles the cost-of-living and gets young people back into work."

Owen Smith also said that a Labour budget would re-instate the 50p top rate of tax and introduce a 10p starting rate for lowest earners.

In Wales, where the cost of living crisis is biting the hardest, people would benefit the most from Labour’s plans to freeze energy prices, strengthen the minimum wage and scrap the bedroom tax.

With nearly a million young people out of work across the UK, a Labour Budget would also include a jobs guarantee, based on the success of Jobs Growth Wales, which has created 11,000 opportunities for young people in Wales.

If George Osborne doesn’t announce these measures, the next Labour Government will waste no time introducing them. They’re a vital part of our plan to create an economy that puts hard-working people first and that offers good jobs with decent wages.

– Owen Smith MP, Shadow Welsh Secretary

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