Speeches

Jonathan Edwards – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jonathan Edwards on 2016-02-22.

To ask Mr Chancellor of the Exchequer, what assessment he has made of what the most appropriate fiscal framework mechanism would be to accompany the devolution of income tax powers of Wales.

Greg Hands

The Autumn Statement announced that the Government will legislate to remove the need for a referendum to introduce Welsh Rates of Income Tax. The Government has been clear that it will amend the draft Wales Bill to do this.

The programme of fiscal reform has been designed for a purpose: to empower the Welsh Government with further tools and levers to deliver more growth and be more accountable to the people of Wales by raising more of the money they spend.

We will continue to discuss the implementation of Welsh Rates of Income Tax – including the financial arrangements – with a range of interested stakeholders, including the Welsh Government.