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'Autumn Statement good for Wales' - Roger Williams MP

November 30, 2011 10:13 AM

Brecon and Radnorshire MP Roger Williams has welcomed the Autumn Statement in which the Coalition Government sets economic policy between budgets.

The statement announced many measures to stimulate growth that will help Wales including:

  • Deferring January's 3ppl rise in fuel duty and scrap next August's 2ppl rise.
  • The Youth Contract, which will see Government fund incentives for companies taking on young people.
    • The basic state pension (BSP) will increase by the triple guarantee in April 2012, delivering the largest ever cash increase (5.2%) in the BSP in Wales, benefiting 600,000 Welsh pensioners.
    • Credit easing measures which will give much needed cash flow to many small and medium sized businesses in Wales.
    • Investment in Telecoms bringing better broadband to urban and rural areas.
    • Welsh Power station consents bringing further investment and jobs to North Wales.
    • Further funds to be allocated to Wales for investment under Barnett consequential totalling £216.2million in the current spending bloc.

Commenting Roger Williams said:

"These are difficult economic times but there is a lot of good for Wales in this Autumn Statement, not least that there will be over £216m extra funds for the Welsh Assembly over the next 3 years.

"I know that Kirsty Williams AM, Leader of the Welsh Liberal Democrats and her team in Cardiff will be working closely with the Labour Party in Wales to ensure that this money is spent in the best possible way to increase jobs and growth in Wales."