Welsh Government is to get an additional £1.1bn from the chancellor to support businesses impacted by the coronavirus outbreak.
Yesterday, chancellor Rishi Sunak announced that all retail, hospitality and leisure businesses in England will be totally relieved from business rates over the next 12 months. Previously, the rate relief applied only to businesses with a rateable value under £51,000.
In addition, grants of £10,000 will be paid to businesses eligible for small business rate relief. Again, this is an England-only measure.
Now under the Barnett Formula, Wales will get just over £1.1bn.
海角视频 Government in Wales said with £475m allocated last week - which Welsh Government was using to support business rates and the NHS - additional funding is now around £1.6bn.
But Welsh Government says the intervention by the chancellor is 'wholly inadequate'.
Clwyd West Conservative MP David Jones said: "Small businesses across North Wales need reassurance from the Welsh Government that they will receive exactly the same support as businesses in England.
"The Welsh Government need to provide that reassurance now. There must be no delay.
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"The chancellor has provided all the funding that the Welsh Government need to enable them to announce that the England-only measures will be replicated in full in Wales.
"This will give huge reassurance to Welsh businesses.
"At a time such as this, the last thing businesses need is mixed messages."
A 海角视频 Government spokesman said: “Since the response package announced in the Budget last week, more than £1.5bn extra has been allocated by the 海角视频 Government to help the Welsh Government meet this exceptional challenge.
“We will do everything possible to support every person, business and community in Wales affected by coronavirus and we continue to work closely with the Welsh Government as the situation develops to ensure they have the funding needed to tackle its impact.”
A spokeswoman for the Welsh Government said: "We need to study the detail in what the chancellor has announced, but this looks wholly inadequate to meet the scale of the challenge.
"The 海角视频 government is short-sighted in its focus on lending - we need to be more ambitious in our support for small businesses which are the lifeblood of our economy.
"While we are pleased to see further support, this falls short of measures the first minister called to be implemented in a letter to the chancellor earlier today."