Wales’ First Minister has hailed progress on more fiscal powers for Wales following talks with Prime Minister Andy Burnham.

The Prime Minister met with the First Minister of Wales, Rhun Ap Iorwerth, in Glasgow following a meeting of the National Economic Council today (October 30).

The Prime Minister welcomed the positive discussions at the NEC, where the First Minister of Wales agreed to start a process to explore how each government could contribute to regional empowerment, reindustrialisation and achieving good growth in every postcode.

This would be a policy sprint led by No10 North, involving officials from each government, to take this agenda forward.

The Prime Minister said he looked forward to Cardiff hosting the next meeting of the National Economic Council in spring 2027.

Following the meeting, the Plaid Cymru Welsh Government First Minister, Rhun ap Iorwerth, said: "I was pleased to meet with the Prime Minister in Glasgow today where I once again pressed the need for Wales and the Welsh Government to have the necessary tools to better serve our communities.

"I also reiterated the point that further devolution within Wales is a matter for the Senedd and only the Senedd.

"There was an encouraging consensus that the fiscal and borrowing powers which have for so long put Wales at a disadvantage compared with other UK nations must be revised as a matter of urgency. I welcome the Prime Minister’s comments that this is now a matter of how and when.

"On rail funding, I was pleased to hear the Prime Minister’s personal commitment to look at the £14bn pledge, and I also raised the need for the Treasury to act with urgency to enable the Welsh Government to press ahead with our Cynnal weekly child payment pilot to support the poorest families.

"On Europe, I offered the Prime Minister my full support in pushing for a stronger relationship with the EU, urging him to go further and pursue rejoining the single market and customs union as a priority,” he added.

Following today’s meeting of the National Economic Council, Secretary of State for Wales Stephen Kinnock said: "Today the Prime Minister put a positive offer on the table for how the UK Government and Welsh Government can work together to empower Welsh communities and drive growth in every postcode.

"I’m delighted that we can now move forward with discussions on where power, responsibilities and decision-making should sit to best serve the people of Wales.

"Devolution was never intended to stop at Cardiff Bay. While we recognise it is for the Welsh Government to determine how local government works in Wales, we are offering to work in partnership to unlock Wales's potential."