Glyn Davies
Main Page: Glyn Davies (Conservative - Montgomeryshire)Department Debates - View all Glyn Davies's debates with the HM Treasury
(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr George Osborne
The US fiscal consolidation is faster this year than the UK consolidation. The structural deficit in the UK has fallen by more than in the US. But look at the UK—we have created over a million new jobs in the private sector. That is one of the most impressive employment records anywhere in the world.
Glyn Davies (Montgomeryshire) (Con)
T6. Devolution is a continuing process. Does my right hon. Friend agree that if the National Assembly for Wales is to develop into a fiscally responsible governing institution, it must have responsibility for raising a significant part of its own budget?
The Chief Secretary to the Treasury (Danny Alexander)
I do agree with that. The Government established the Commission on Devolution in Wales to consider, as part of its remit, how to increase the fiscal accountability and autonomy of the Welsh Assembly Government. We are carefully considering the commission’s recommendations and we will respond in due course, having discussed the matter with the Welsh Assembly Government.