 Mae'r fawr i'w meddwl yng Nghymru yw'r pwg honno i'r ffordd ffynu o'r Ffynuio Biynau Gweinidol yn ymgyrchol i gydag y Gwlad Gweinidol yn gweithio'r Llyfrgellol. Yn ymgyrchyn gyda'r gyfnodol o'r newydd o'r ffordd yma, byddwn yn rhoi ddweud yr Arfod, o'r report bwysig o Siliadau Silydd, a yna rhaid i'r ffyrdd ymrwyng. Mae'n gweithio i'r ffordd o'r ffordd o'r parwys o'r Gwlad Gweinidol, ac mae'r bwysig yn y cymuned, eu cyfnodau yn ymweld yn yng nghymru yn ymweld yn ei wneud, yn ymweld i'r bwysig o'r ddweud y cyfnodau bwysigol. Felly, y dyfodol y byddai'n gwybod, yn gweithio'r ffordd, yn gweithio'r gyrdd 2008, yn y byddai'r gyrddion a'r gwaith yn ymgyrchol i gweithio'r gweithio'r gweithio a'r ffordd a'r llyfr yma. y Prif Weinidog a'r Prif Weinidog yn dweud o'r rai cyd-dweud yn dweud o'r sgwyl o'r gweithio, ond y gallwn gwneud ei chael ei ddechrau i ddim yn gweithio yn gweithio'r cyd-dweud. Felly, roeddwn i'r ddechrau i Daniel Wood yn gweithio'r ddysgu'i gwirioneddau o'r rhai ffordd o'r ddechrau yma, o'i'n cael ei ddweud o'r rai cyd-dweud o'r ddechrau i ddechrau Llywodraeth yr adeiladau yw'r cyflwyfadau i'r ysgolwch arall felly rydw i'r cyflwyffyddol. Rydw i'r cyflwyffyddol. Cymru. Jane, ddod i'n meddwl am rai cyflawni, ac roeddwn i'n meddwl ar gyfer yr adeiladau i'r cyflwyffydd yn ydy, ac yn ymgyrchau siaradau sydd wedi rhoi'r cyflwyffydd ar y cyflwyffydd, ac mae'n meddwl i'r cyflwyffydd i ddim yn ei ffyrdd yma'i gael i'r hefyd a dwy'r cyflwyffydd i'r cyflwyffydd, I'm sure David and the Wales Office to make sure that we have a good detailed package to announced today. I think it's fair to say that since the formation 15 years ago of the Welsh Assembly, it's needed a unique position, and not necessarily always, for the right reasons. It's been able to spend money to make laws, but it's never had any control over how much it raises through tax. The Swansea Council, for example, has been able to set taxis to determine its budget, but not the Welsh Government. Cardiff Council has been able to borrow to invest in capital projects, but not the Welsh Government. Of course, the Scottish Government has been able to vary income tax rates, but not the Welsh Government. Meaning that for too long Westminster hasn't been treating the Welsh Assembly like an equal partner. Last November, though, the Silk Commission recommended a much more mature relationship between our governments. And I have always been clear that I wouldn't allow a government response that fell short on delivering those aspirations. And I think therefore that today's detailed response to the Silk Commission represents a major step forward for Wales within the United Kingdom. That's why we will take on the Commission's recommendations to fully devolve business rates, to fully devolve sound duty, to fully devolve landfill tax, and crucially provide the Welsh Government with the power to create new taxes too. Meaning that they will be able to oversee a tax system better suited to Welsh circumstances. We're delivering tax and borrowing powers to the people of Wales to help their nation flourish in partnership with the rest of the UK. This is a historic change for the Welsh Assembly. But of course, as well as providing new opportunities, these changes also bring new responsibilities. So I can announce today then that we will also be providing the Welsh Government with the tools they need to manage these powers effectively. A new Welsh reserve will enable the Welsh Government to save tax revenues during the good years. Limited current borrowing powers will protect them, should funding in the reserve be insufficient. And by providing for a referendum on income tax, we will, subject to a future decision of the Welsh Assembly, give the people of Wales the opportunity to decide if they believe that their assembly should have responsibility over a substantial element of income tax. These new tax powers will be important also in relation to the Welsh Government's new borrowing powers. Last October, I made it very clear that if silk recommended devolving revenue-raising powers, and if Wales implemented them, then we would put in place new borrowing powers for Wales. By offering the people of Wales the power to raise taxes and the freedom to borrow responsibly, we're providing twin tools which can drive investment, rebuild infrastructure and secure a more prosperous future. Wales is a proud nation with a rich history. And I hope our decisions today will inspire renewed growth and new thinking about how these new tools can be used to strengthen Wales in future. And let me just make one final point. These are decisions that demonstrate once again that all parts of the United Kingdom benefit from working closely alongside one another. And that the best option for all of the nations of Britain is for home rule within the United Kingdom. This is another demonstration that we are better together, and I welcome these changes wholeheartedly. Thank you. Thank you very much, Danny. And before I bring in the Secretary of State for Wales, I would like to say I very much welcome the Chief Secretary's announcement this morning. I believe it represents a good deal for Wales in a big step forward for devolution. In addition from what we learned earlier this month about the ability to borrow the devolution of stamp duty, land tax and landfill tax and legislation for a referendum on income tax, we now have a response to all 33 of silk's recommendations. I'm pleased that non-domestic rates will be fully devolved to Wales. This is another important lever to support the economy. Will give us the same flexibilities to those already enjoyed by Scottish ministers. Over the coming weeks we'll need to clarify the details of how the change will be implemented, and I look forward to working with the Chief Secretary on this. I'm also pleased to hear that in future when the UK Government plans to introduce a new tax in a devolved policy area, it will discuss with the Welsh Government whether that tax should also be devolved, again putting us in the same position as Scotland. The power for the Assembly to legislate with the agreement of the UK Government to introduce new taxes and associated tax credits is another important reform. This is a statement of confidence in the Welsh Government and the Assembly, and opens up a new avenue for policy development in the longer term. I'm not going to pretend that the Welsh Government has got everything that we have been arguing for, as we've heard previously from the Prime Minister, direct long haul air passenger duty will not be coming to Wales as part of the announcement. But I do believe that the Silk Commission and the Welsh Government put forward strong cases in favour of the tax being devolved. It's already being devolved to Northern Ireland, so I will continue to press this case. I'm very pleased to have confirmed that there will be a referendum of income tax devolution. Throughout the process, my priority has been to ensure that the people of Wales should have their final say. The form of income tax devolution offered to Wales won't allow us to vary rates independently, but we will have the same arrangements as in Scotland, the so-called lockstep approach, which means we can't change one rate without moving all the others to the same degree. Of course, Silk also said that the issue of income tax devolution should be conditional on resolving the issue of fair funding. Last year, in this room, a month ago, our two Governments agreed a joint statement on financial reform, and that was an important stride forward towards securing a fairer funding settlement. I'm glad today's publication, again by the UK Government, reiterates its support for that process. Because these are matters for a future Assembly, the priority now is to get the referendum on the statute book. I've always been clear that any new powers coming to Wales should be for a purpose, in order to help create jobs and support the economy, and I'm sure all Ministers in both our Governments share that view, to enable us to boost jobs and growth and encourage the investment that we need. The document's only been published this morning, so it clearly is too soon to get into the details of what we'll be doing with the new powers. It's only right and proper that we develop our plans with care and in consultation with stakeholders. I'd again like to thank the business community and social partners for the way they've used their influence to support the Silk reforms. Their interest and involvement in this process has been vital. It's about real issues that offer us a tremendous opportunity to boost growth and jobs, to provide real help for our businesses and communities. So the early access to borrowing that was announced by the Prime Minister, Deputy Prime Minister, that we've achieved to help fund an enhancement of the employee's hugely significance, of course subject to ongoing consultation. Extremely important to business, CBI Wales, and indeed beyond Wales, CBI is number one priority for Wales. This year I've also had discussions with a range of business leaders in the housing and related sectors, and they've emphasised to me what we could achieve through the reform of stamp duty. And I'm confident that we can make stamp duty and also landfill tax operate fairly simply and efficiently. So the UK government's announcement that these taxes will be developed to Wales is a first step in that process. So in terms of the way forward, it's taken quite a while to get this far. In some ways this almost feels like an end to itself, but no, it's the beginning. Of course it's just a beginning. I think the First Minister said when he received the news only a couple of weeks ago, this makes us equal partners in the United Kingdom. It's the start of a long and important programme of work. I'm looking forward to getting started. I'm very pleased to learn that legislation to implement the forms we've published before the end of the current session. The Parliament, of course, the statutory state will be taking this forward. It means before the end of March. And of course the UK government is working to pass the legislation before the next general election. So now that things are moving forward, we need to keep up the momentum. Still many practical details to resolve. Time tables, methods for calculating budget offsets, in return for the devolved tax revenue approached to be adopted for the full devolution of non-domestic rates. This will require as we've achieved close joint working between our governments. And I look forward to working with Danny and David over the coming months as we tackle the remaining issues. Take this important work forward. This deal is good for Wales and good for the United Kingdom. It shows how much can be achieved by working together. How devolution can thrive in a spirit of genuine partnership. We've shared goals and shared priorities. Both seeking a strong Wales and a strong union. And as the Chief Secretary said, we are indeed better together. I'd now like to hand over to the Secretary of State for Wales. Diolch. Diolch, mae'n bleser arbennig i mi bod yma heddiw o'r prifasgrifen o'r drosodfa. Yma, yw'r draeth y dernau sy'n edrych heddiw yn ymateb yn llawn i'r argymheilion a wnaeth gan y Comisiwn Silk yn ffran i'n owe hydroddiad. Gwynnaeth y Comisiwn Silk 33 o argymheilion, roedd 39 honnod ar gyfer yw'r draeth y dernau sy'n edrych i hystau'i edrych. Heddiw, roedd yma'n derbyn naill a'i yn llawn i'ch nech anol 30 o 31. Mae'r pwerau ar y anol newydd yn canwis datganoli trethi busnes anol mestig yn llawn, y gallu i greu trethi newydd gyda chytnidau'r llawodrach y dernau sy'n edrych, ac ofer i reoli pwerau treth newydd. Dwi'n pekin o'r pwerau hwn, roedd dim yn troi cyfle i'r draeth cwmru, i wneud y bydd sodiadau cywyr yng Nghymru. Bydd y draeth cwmru nawr yn gallu y bydd sodi a'r inwaith, i wneud y bydd sy'n waith fel y mpedwar a'r pimp. Mae'n rhaid i ddweud, mae'n rhaid rwan i'r draeth cwmru, felly mae'n teisio ar y cyfre yma, i sy'n cael hwyr twf, a'r funiant a mae cwmaint o'i angynt yng Nghymru. It's very good to be here this morning with the chief secretary to the Treasury and to make the announcement on the publication of the Governor's Response to the recommendations of the Silk Commission. Mae'n gweithio y Llyfrgell yn y Gweithredu, ac mae'n gweithio'r cymdeithas yn gweithio'r ddau, ond rwy'n meddwl iawn. Rwy'n meddwl i'r gweithio'r cyfrifiadau ar gyfer rhaid y cyfrifiadau. Rydych chi'n gweithio eu cyfwyr â'r ysgologion, a'r dros Fygrwyng. mae'r ffordd yn arbennwyd. Rwy'n meddwl i'r tympas yma, mae'r tympas yma o'r holl yn ymgyrchau a'r holl yn ymgyrchau Cymru. Rydym yn ymgyrchau'r bobl, mae'r ffordd yn roedd arall o'r unigio gwirioneddau yma o'r holl yn ymgyrchau'r bobl, ac yn ymgyrchau'r bobl, yma, mae'r chyfodol, ond wrth gydag yma yn rhan o'r gwirioneddau. Rwy'n yn ymgyrchau'r bobl, fel yma yma, Greenfield has, since the last general election, the Wales office, with the support of the Treasury, has made the improvement of Wales's infrastructure its top priority. The powers that we have announced today, and that were the subject of my written Ministerial Statement a couple of weeks ago, underlined the fact that we have now given to the the Welsh Government the tools to do the job of improving Wales's infrastructure which is frankly as the Prime Minister put it acting as a foot on the wind pipe of the Welsh economy in terms of the much needed upgrade to the M4. One particular issue I would like to highlight is that of the referendum on income tax-bearing powers. As a Conservative I believe very firmly in no taxation so I would urge the Welsh Government as soon as reasonably possible to trigger that referendum and I can tell you here today that the Conservative Party in Wales will be campaigning very strongly for that referendum to be triggered and for there to be a yes vote so that we can actually introduce a more competitive regime in terms of income tax in Wales. We are extremely keen too to see the devolution of stamp duty land tax utilized by the Welsh Government as a means of stimulating the property market in Wales. It's a sad fact that the Welsh property market is lagging behind the rest of the United Kingdom and I would very much hope that Welsh Government will now not only be triggering those powers in a way that can stimulate the market but will also be looking at other ways to liberalise the property market and maybe looking at terms of the sort of deregulation that we are seeing at Westminster. I think that today is a good day for Wales. It has given huge potential to the Welsh Government to take advantage of additional powers for the benefit of the Welsh economy and for the benefit of the people in Wales. Thank you very much.