Plaid Cymru

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Plaid response to Silk Commission report

19/11/2012

Plaid Cymru has welcomed the recommendations of the Commission on Devolution in Wales (Silk Commission) report on financial accountability, even though they also warn that report does not go as far as the party would like.

The report recommends that the Welsh Government have income tax varying powers subject to a successful referendum, control of a series of minor policy taxes, borrowing powers and devolution of business rates.

The Party of Wales has called for the implementation of the recommendations as quickly as possible, noting that the report has a detailed timetable for implementation.

Welcoming the report, Plaid Cymru finance spokesperson Ieuan Wyn Jones said:

"The Party of Wales believes that the Welsh Government needs to have the power over taxes, such as income tax and business taxes, including business rates and corporation tax, so that we can grow our economy and create more jobs. Currently we have little or no room to manoeuvre within the straightjacket of a block grant

"We are pleased that the Silk Commission has recommended the transfer of responsibility to the Welsh Government of some income tax powers. Income tax is already being transferred in Scotland.

"With around 1.4m income tax payers in Wales it would mean that almost all families in Wales would all have a stake in how the Welsh Government uses that money.

"The devolution of business taxes would also be welcome as Wales currently has the least progressive business rates system in the UK. That should change to benefit the small businesses which are the backbone of our economy.

"Plaid Cymru is keen to work alongside other parties and civil society in Wales to give the Welsh Government a greater say and more responsibility to deliver for Wales."