A Budget to fix the foundations and deliver change for Wales
Today, the Chancellor of the Exchequer has delivered a Budget that will fix the foundations of the Welsh economy and deliver lasting change for the people of Wales.
This Budget builds on the progress that has been made in recent years to reduce the deficit, create jobs and improve public services. It will invest in the infrastructure, skills and innovation that will drive economic growth and create a more prosperous future for Wales.
Key measures in the Budget include:
- £1.2 billion for a new Welsh Infrastructure Fund to invest in major infrastructure projects, such as new roads, railways and broadband networks.
- £500 million for the Welsh Skills and Training Fund to help people develop the skills they need to get good jobs and progress in their careers.
- £200 million for the Welsh Innovation Fund to support businesses to develop new products and services, and create jobs.
- £100 million for a new Welsh Health and Social Care Fund to improve the quality of health and social care services in Wales.
- £50 million for a new Welsh Housing Fund to build more affordable homes and help people get on the property ladder.
This Budget is a clear signal of the UK Government’s commitment to Wales. It will provide the investment and support that is needed to fix the foundations of the Welsh economy and deliver lasting change for the people of Wales.
Quotes:
“This Budget is a major step forward for Wales. It will provide the investment and support that is needed to fix the foundations of the Welsh economy and deliver lasting change for the people of Wales.” – The Chancellor of the Exchequer
“This Budget is a welcome boost for Wales. It will help to create jobs, improve public services and make Wales a more prosperous place to live.” – The First Minister of Wales
“This Budget is a clear signal of the UK Government’s commitment to Wales. It will provide the investment and support that is needed to fix the foundations of the Welsh economy and deliver lasting change for the people of Wales.” – The Secretary of State for Wales
A Budget to fix the foundations and deliver change for Wales
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