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Budget's compensation 'boost' to energy intensive firms

19 March 2014 Last updated at 20:49 GMT

Welsh businesses with very high energy bills are in line for compensation, George Osborne announced in this year's Budget statement.

Sixteen firms, including Tata Steel in Port Talbot will qualify in Wales, each getting a share of £240m being made available over the next three years.

BBC Wales' parliamentary correspondent David Cornock reports.

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