Budget 2015: The headlines for Wales

Chancellor George Osborne announces that toll rates for the Severn Bridges will be reduced from 2018, the UK government is opening negotiations on the Swansea Bay tidal lagoon project, and on a 'City Deal' for Cardiff.

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  1. Nick Powell

Chancellor pre-empts Welsh Government on Severn tolls

George Osborne's promise of a cut in the tolls on the Severn Bridges suggests that if he stays in office after the election he'll deny the Welsh Government control of the crossings when they return to public ownership. First Minister Carwyn Jones has said that if he had the power, he would reduce but not abolish the tolls, using the income to pay for M4 improvements as wells as maintaining the two bridges.

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