UK government working for Wales
Ahead of the 2015 Budget, we set out how the UK government has helped hard working people, businesses and local communities across Wales.
Helping with the cost of living:
Since 2010 earnings in Wales have increased faster than the UK average and are currently increasing at twice the rate of inflation.
More than 158,000 people have been taken out of tax altogether in Wales since 2010.
Our policies to boost living standards are working right across Wales with every region of Wales seeing a rise in incomes well above the average for the UK as a whole over the last year.
The increase in the National Minimum Wage will mean the lowest paid workers in Wales will enjoy the biggest cash increase in their take home pay since 2008.
Taken decisive action to ban exclusivity in zero hours contracts to help protect the rights of Welsh workers.
Supporting Welsh businesses:
Some 740 smaller businesses in Wales are currently benefitting from loans from the British Business Bank, supporting more than £63 million of finance.
We have provided more than 700 loans worth almost £4.5 million to help new businesses start up in Wales.
Employers of around 22,000 apprentices in Wales could benefit from the abolition of National Insurance Contributions.
Welsh businesses will benefit from the further one per cent cut in the main rate of corporation tax from April 2015 to 20%. The UK will have the joint lowest rate of corporation tax in the G20.
Since 2010, 41,000 more people are in work in Wales – with the security of a pay packet to provide for themselves and their families.
The number of people claiming job seekers allowance has fallen for 24 consecutive months and is at the lowest level for over six years.
Youth unemployment in Wales has plummeted by 46% since the election.
Since the first three months in 2010, 100,000 more private sector jobs in Wales have been created.
Invested in a £212 million new prison in Wrexham which will create around 1,000 jobs and a £23 million boost to the local and national economy once up and running.
We have worked with the mobile phone industry to strike a deal to guarantee voice and text coverage from each operator across 90 per cent of Wales and the rest of the UK by 2017.
We have provided the Welsh Government with £69million to deliver superfast broadband in Wales.
Secured investment in rail infrastructure that will see the full electrification package across the Great Western main line and the Valley – the first electrified railway in Wales.
The UK Government will start closer discussions with Swansea Tidal Power which has the potential to be a massive boost to the Welsh economy and help secure Wales’s energy future.
Facilitating new investment in the proposed nuclear development at Wylfa on Anglesey which has the potential to create 6,000 construction jobs in Wales and countless supply chain opportunities for local firms.
For more information on the 2015 Budget visit here
Latest News from
Scheme for unaccompanied asylum-seeking children to be expanded07/12/2017 19:08:05
Home Office's National Transfer Scheme to be rolled out to Wales, Scotland and Northern Ireland.
Grassroots facilities across Wales share £1.2 million investment22/05/2023 15:10:00
The UK Government funding is part of ongoing investment in multi-sport facilities throughout Wales in collaboration with the Cymru Football Foundation.
UK Government Minister celebrates success of Wrexham Export Champion24/04/2023 12:15:00
Wales Office Minister James Davies visits Air Covers, which was announced as one of eight UK Government Export Champions from Wales last year.
Boost for Welsh businesses as UK strikes deal to join major free trade bloc in Indo-Pacific05/04/2023 13:10:00
The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins
Green growth for Wales as UK government announces multi billion pound investment to boost UK energy independence04/04/2023 12:24:00
These plans will help deliver on the Prime Minister’s promise to grow the economy across Wales.
UK and Welsh governments work together to deliver two Freeports in Wales23/03/2023 11:22:00
The UK and Welsh governments jointly confirm that two new Freeports, one in Anglesey and one in Port Talbot and Milford Haven, have been successful in their bids.
Ministers meet North Wales exporters09/03/2023 12:15:00
Wales Office Minister Wales Officer Minister James Davies and Business and Trade Minister Nigel Huddleston visit export businesses across North Wales.
Message from Welsh Secretary on St David's Day01/03/2023 11:10:00
The Secretary of State for Wales David TC Davies marks the first St David's Day since his appointment.