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Law giving Wales new financial powers is published

The UK government has set out how it plans to give Wales new powers to tax and borrow, in a draft law.

The draft Wales Bill would give ministers in Cardiff control of stamp duty paid by homebuyers in Wales.

It would allow the Welsh government to borrow money for major projects, such as building new roads and hospitals.

The bill paves the way for Welsh ministers to be able to vary, within limits, income tax rates - but only following a referendum.

BBC Wales' parliamentary correspondent David Cornock reports.

Wales financial powers law published

  • 18 Dec 2013
  • From the section Wales
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