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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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Finance Minister: 'Another Budget of missed opportunities for Wales'

According to Finance Minister, Jane Hutt, the UK Government's Budget is another missed opportunity for Wales doing nothing to boost economic growth.

But the Minister did welcome confirmation that the Wales Bill will be published tomorrow and said that this was an important step forward for Wales.

Since 2010 we have seen record breaking cuts to the Welsh Budget. By 2015/2016 , it will be 10% lower than when the current UK Government came to office in 2010.

This Budget delivers some small increases but also brings significant additional burdens. It gives with one hand but takews away with the other.

The Chancellor has given Wales an additional £36m over the next two years. But at the same time we are being forced to find at least another £70m from our Budget over the same period to cover public sector pension costs

– Finance Minister, Jane Hutt

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