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UK Budget 2014


  • Key Points for Gwent and Wales:
  • Legislation to give Welsh Government tax and borrowing powers to fund infrastructure needs, including improvements to M4
  • Cap on carbon price floor - backed by steelworkers' Community Union
  • Beer duty cut by 1%, cider taxes frozen
  • £140bn repairs for flood damage
  • Exemption on VAT for inshore rescue boat services good for Gwent's Severn Area Rescue Association
  • £10m support to Scouts, Guides and St John Ambulance
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