Magazine article Public Finance

In Brief

Magazine article Public Finance

In Brief

Article excerpt

SUBMARINE SUB

£500m upgrade for Trident base

More than £500m of UK funding has been committed to the Royal Navy's submarine base at Faslane, home of the Trident nuclear weapons system. Chancellor George Osborne said the investment will pay for upgrades to the base and create more than 1,000 jobs. The SNP-controlled Scottish Government said the investment is "indefensible" and preempts a parliamentary vote on the renewal of Trident.

TICKET TO RIDE

Third off bus fares for Welsh teenagers

A scheme that gives 16- to 18-year-olds a third off bus fares in Wales launched on 1 September. It is likely to benefit 110,000 young people. Transport Minister Edwina Hart said: "I want to ensure young people are able to access jobs and training opportunities in Wales as easily as possible. Travelling costs can sometimes be a barrier, so this scheme will make it easier and cheaper for 16-to 18-year-olds to travel. …

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