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| Version 3 | Version 4 |
|---|---|
| Budget 2015: 'Swansea tidal lagoon negotiations to begin' | Budget 2015: 'Swansea tidal lagoon negotiations to begin' |
| (35 minutes later) | |
| Chancellor George Osborne is expected to take plans for a £1bn tidal lagoon scheme in Swansea a step closer to fruition, the BBC understands. | Chancellor George Osborne is expected to take plans for a £1bn tidal lagoon scheme in Swansea a step closer to fruition, the BBC understands. |
| The plan would see a giant manmade lagoon generating power to run 120,000 homes for 120 years. | The plan would see a giant manmade lagoon generating power to run 120,000 homes for 120 years. |
| The Guardian reported the government was to open negotiations on the subsidy the scheme would attract in the Budget. | The Guardian reported the government was to open negotiations on the subsidy the scheme would attract in the Budget. |
| Finance minister Jane Hutt also wants Mr Osborne to make the same commitment to Welsh funding as the Lib Dems. | Finance minister Jane Hutt also wants Mr Osborne to make the same commitment to Welsh funding as the Lib Dems. |
| She has written to Mr Osborne ahead of Wednesday's Budget asking for him to clarify his position on the matter. | |
| Chief Treasury Secretary Mr Alexander has already ordered a review of how the Welsh government is financed. | Chief Treasury Secretary Mr Alexander has already ordered a review of how the Welsh government is financed. |
| It follows a minimum funding pledge by David Cameron and Nick Clegg. | It follows a minimum funding pledge by David Cameron and Nick Clegg. |
| Welsh clothing manufacturer David Hieatt, who runs the handmade jeans company Hiut which is based in Cardigan but sells most of its products to the south east of England via the internet, has called on the chancellor to back apprentices and recognise the "maker movement". | Welsh clothing manufacturer David Hieatt, who runs the handmade jeans company Hiut which is based in Cardigan but sells most of its products to the south east of England via the internet, has called on the chancellor to back apprentices and recognise the "maker movement". |
| Conservative MP Mr Osborne will unveil the pre-election Budget at around 12:30 GMT. | Conservative MP Mr Osborne will unveil the pre-election Budget at around 12:30 GMT. |