To ask the Secretary of State for Wales, if he will publish all communications between the Wales Office and the Welsh Government on increasing borrowing capacity to fund the M4 relief road.
5 November 2018
The Welsh’s Government’s Cabinet Secretary for Finance wrote on 26th April to request an increase in borrowing capacity, including for the M4 project. I note that the Welsh Government has now published this letter, and I will place a copy in the Library of the House.
Following a dialogue between the UK and Welsh Governments in the intervening period, I was pleased that the Chancellor was able to announce at Budget a review of the Welsh Government’s capital borrowing powers to consider whether the borrowing cap should be increased by up to £300m to support this vital project.