Sunak promises £2.5bn annual boosts to Welsh government cash and £120m for levelling-up projects.
In his announcement the chancellor promised a cut to the "taper rate" - the point on universal credit where the benefit is reduced because of the money someone earns.Mr Sunak said: "An additional £2.5bn per year in Barnett funding means the Welsh government is well-funded to deliver all their devolved responsibilities, while the people in Wales will also benefit from this government's commitment to levelling-up opportunity and delivering for all parts of the UK.
Welsh finance minister Rebecca Evans said: "While the spending review does give us some medium term financial certainty and some additional investment, it is more than offset by the inflationary and system pressures that we are facing. However, Budget documents show the cash planned for the Welsh government will increase by £2.3bn between 2022 and 2025, over three years, rather than each year.Welsh government money funds services like health and schools, which are overseen by ministers in Wales rather than Westminster.
The UK government said it would fund a "Veterans Commissioner for Wales", and would bring for ward £105m for the Cardiff City Region Deal to fast-track projects that range from innovation and Fintech, to manufacturing and infrastructure.Plaid Cymru's Ben Lake accused the chancellor of failing to offer a "transformative Budget that would put money in people's pockets in the short and long-term as well as ambitious policies to set a global example ahead of COP26".
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