Wales bill progresses


The government is driving forward the Wales bill in Parliament, which will give the principality greater powers over tax and borrowing, potentially increasing the country’s infrastructure investment opportunities.

The bill has had its third reading in the House of Lords, with plans to devolve a range of powers covering stamp duty land tax, landfill tax and potentially some income tax all being approved.

Meanwhile, Welsh Secretary Stephen Crabb has carried out a number of meetings with Westminster leaders from the main parties on further devolution for Wales.

“By St David’s Day [1 March] next year we will publish a blueprint, signed up to by all four main parties in Wales, for taking forward Welsh devolution in the next Parliament,” Crabb said.

The Welsh government has recently unveiled a new pipeline of non-profit distributing (NPD) investment akin to the Scottish model, and increased powers for the government could help it invest more in infrastructure projects in the future.

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