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| Version 3 | Version 4 |
|---|---|
| Autumn Statement: Welsh tax predicted by watchdog | Autumn Statement: Welsh tax predicted by watchdog |
| (about 2 hours later) | |
| The amount of money Wales could raise if taxes were devolved will be published for the first time as part of the chancellor's Autumn Statement. | The amount of money Wales could raise if taxes were devolved will be published for the first time as part of the chancellor's Autumn Statement. |
| The Office for Budget Responsibility (OBR) will estimate the likely proceeds from income tax, stamp duty land tax, landfill tax and the aggregates levy. | The Office for Budget Responsibility (OBR) will estimate the likely proceeds from income tax, stamp duty land tax, landfill tax and the aggregates levy. |
| The tax predictions will give a guide to how well the Welsh economy is doing. | The tax predictions will give a guide to how well the Welsh economy is doing. |
| News of up to £78m extra funding for Wales and support for a tidal lagoon in Swansea Bay has already been announced. | News of up to £78m extra funding for Wales and support for a tidal lagoon in Swansea Bay has already been announced. |
| The coalition UK government has been releasing details of its tax and spending plans in the Autumn Statement day-by-day this week in order to maximise its impact. | The coalition UK government has been releasing details of its tax and spending plans in the Autumn Statement day-by-day this week in order to maximise its impact. |
| Chancellor George Osborne was delivering the statement to the House of Commons on Wednesday. | |
| Business hopes | |
| Tuesday's National Infrastructure Plan included for the first time the proposed tidal lagoon in Swansea but a number of hurdles have to be overcome before that receives the go-ahead. | Tuesday's National Infrastructure Plan included for the first time the proposed tidal lagoon in Swansea but a number of hurdles have to be overcome before that receives the go-ahead. |
| Meanwhile Cardiff steel manufacturer Celsa wants Chancellor George Osborne to bring forward financial aid for firms with big energy bills he has pledged for 2016. | Meanwhile Cardiff steel manufacturer Celsa wants Chancellor George Osborne to bring forward financial aid for firms with big energy bills he has pledged for 2016. |
| The tax predictions, and what they say about the strength or otherwise of the Welsh economy, are expected to be pored over by politicians as Wales enters the next phase of devolution. | The tax predictions, and what they say about the strength or otherwise of the Welsh economy, are expected to be pored over by politicians as Wales enters the next phase of devolution. |
| They will cover the taxes which are set to be devolved once the Wales Bill going through parliament becomes law. | They will cover the taxes which are set to be devolved once the Wales Bill going through parliament becomes law. |
| The figures will indicate how much the Welsh government could raise to cover its spending and how much it would need from the UK Treasury for the rest. | The figures will indicate how much the Welsh government could raise to cover its spending and how much it would need from the UK Treasury for the rest. |