Originally Posted by
Claude Blue
Wales has very limited additional tax raising powers.
It can only vary income tax rates via a referendum and you and I know how the public would vote in such a plebiscite.
It can vary stamp duty (which it does) and landfill tax but neither do, or would, bring in substantial sums.
All other tax and welfare rates are set in Westminster.
More than 80% of the Welsh budget is decided in Westminster.
Unlike Westminster, Wales has no powers to borrow money apart from up to £1bn for very specific reasons and certainly not for day-to-day expenditure. Oh and we have to borrow that from Westminster.
So not really a "combination of the two" James.