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| David Cameron in Wales for cabinet and assembly speech | |
| (40 minutes later) | |
| David Cameron is to chair his cabinet's first meeting in Wales on Tuesday. | |
| He first met First Minister Carwyn Jones in Cardiff Bay and is also to address assembly members later. | |
| The cabinet is meeting at the Royal Mint in Llantrisant before ministers carry out a series of visits. | |
| More details are expected about a UK government commission into funding for the Welsh Government, which wants to be able to borrow money and reform of the formula that sets its budgets. | |
| Mr Jones has also proposed devolving control of some taxes | Mr Jones has also proposed devolving control of some taxes |
| But the Welsh Government, which receives an annual grant from the Treasury of roughly £15bn, does not want powers over income tax. | But the Welsh Government, which receives an annual grant from the Treasury of roughly £15bn, does not want powers over income tax. |
| 'Respect agenda' | 'Respect agenda' |
| Mr Jones, who last week met Chancellor George Osborne, has said he wants "consensus" between his administration and the UK government on the issue. | Mr Jones, who last week met Chancellor George Osborne, has said he wants "consensus" between his administration and the UK government on the issue. |
| Mr Cameron promised a "respect agenda" would underpin the relationship between Wales and Westminster when he came into office last year. | Mr Cameron promised a "respect agenda" would underpin the relationship between Wales and Westminster when he came into office last year. |
| It is the first time the UK government cabinet has met in Wales since former Prime Minister Gordon Brown chaired a meeting in Cardiff in July 2009. | It is the first time the UK government cabinet has met in Wales since former Prime Minister Gordon Brown chaired a meeting in Cardiff in July 2009. |
| Mr Cameron has continued the practice of taking his senior coalition colleagues away from No 10 in the nations and regions, with the cabinet meeting in Bradford and Derby previously. | Mr Cameron has continued the practice of taking his senior coalition colleagues away from No 10 in the nations and regions, with the cabinet meeting in Bradford and Derby previously. |
| Critics argue the Barnett formula, which sets the budgets of the devolved administrations, does not meet Wales's needs. | Critics argue the Barnett formula, which sets the budgets of the devolved administrations, does not meet Wales's needs. |
| An independent inquiry established by the previous Welsh assembly government warned in 2009 that the formula risked depriving Wales of £8.5bn over a decade. | An independent inquiry established by the previous Welsh assembly government warned in 2009 that the formula risked depriving Wales of £8.5bn over a decade. |
| Plaid Cymru said details of the UK government commission were overdue. | Plaid Cymru said details of the UK government commission were overdue. |
| Plaid AM Lindsay Whittle said: "The UK government announcement has been long awaited and the future for Wales's funding arrangements has to be sorted out as a matter of urgency. | Plaid AM Lindsay Whittle said: "The UK government announcement has been long awaited and the future for Wales's funding arrangements has to be sorted out as a matter of urgency. |
| "The underfunding of Wales is a severe problem which is affecting Welsh communities today and it is high time full details of the UK government's commission were released." | "The underfunding of Wales is a severe problem which is affecting Welsh communities today and it is high time full details of the UK government's commission were released." |