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Annual reports by Welsh Ministers about the implementation and operation of Part 2 of the Wales Act 2014

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Welsh Ministers and the Secretary of State for Wales report every year about the progress made to put into effect the provisions under Part 2.

The Wales Act 2014 establishes a range of financial powers for Wales, including the devolution of stamp duty land tax and landfill tax; borrowing to support capital investment and to manage budgetary fluctuations arising from tax devolution and the ability to legislate for the Assembly's budgetary procedures. It also provides for the creation of new devolved taxes and for the future introduction of Welsh rates of income tax.