Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish all communications between his Department and the Welsh Government on increasing borrowing capacity to fund the M4 relief road.
The Welsh Government Cabinet Secretary for Finance recently wrote to me setting out his intention to see an increase in the Welsh Government’s borrowing limits at the Spending Review to deliver investment priorities in Wales, including the M4 project.
At Budget, we announced that the government will support the delivery of a new M4 relief road through a review of the Welsh Government’s capital borrowing powers at the Spending Review, to consider whether the borrowing cap should be increased by up to £300 million to support this vital project.