Reeves tackles cost-of-living and backs Welsh industry at Budget

Chancellor announces a fair deal for working families with removal of two-child benefit cap, energy bill savings and fuel duty freeze

Welsh industry backed by investments from Port Talbot to Anglesey, creating jobs and growing the Welsh economy

Public services backed with extra half a billion and increased fiscal powers for Welsh Government, on top of the largest settlement in the history of devolution

Rachel Reeves recognised Wales’s £93 billion annual contribution to the UK economy and its industrial strengths with investments in the M4 semiconductor cluster, Port Talbot’s green transition and Anglesey.

Despite wages growing more in the first year of this government than at any point in the 2010s, the Chancellor was clear too many families are still struggling with the cost of living