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<p>The Welsh’s Government’s Cabinet Secretary for Finance wrote on 26th April to request
an increase in borrowing capacity, including for the M4 project. I note that the Welsh
Government has now published this letter, and I will place a copy in the Library of
the House.</p><p> </p><p>Following a dialogue between the UK and Welsh Governments
in the intervening period, I was pleased that the Chancellor was able to announce
at Budget a review of the Welsh Government’s capital borrowing powers to consider
whether the borrowing cap should be increased by up to £300m to support this vital
project.</p>
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