Commenting on the publication of the Silk Commission's first report on fiscal accountability, Paul Davies AM, Shadow Minister for Finance, said:

"We welcome the publication of the Silk Commission's first report and pay tribute to the efforts of Paul Silk and his team in developing recommendations to reflect the needs of Wales.

"We believe that the Welsh Government should bear responsibility for raising a proportion of the money it spends to make it fully accountable to the people of Wales.

"The devolution of some taxation powers together with the ability to borrow would give the Welsh Government greater economic levers to make Wales a more attractive place to do business and could fund major infrastructure projects.

"We believe that this is a comprehensive package of reforms to make the Welsh Government more accountable for its decisions."