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|Tax and funding review for Wales |
(30 minutes later)
|An independent commission is to investigate how Wales receives public money from the UK Treasury and look at possible tax-varying powers.||An independent commission is to investigate how Wales receives public money from the UK Treasury and look at possible tax-varying powers.|
Welsh Budget Minister Jane Hutt told AMs the commission would also look at borrowing powers.
At present Wales is funded according to the Barnett formula, which critics have long claimed does not properly take into account the country's needs.
Ms Hutt said now was the right time to hold such a review.