For the Conservatives, shadow finance minister Paul Davies said the report should "ring alarm bells".

BBC: Wales budget affordability doubts raised

Merkel at least half-heartedly ran as a reformer, even nominating a flat-tax proponent as her shadow finance minister.

WSJ: Daniel Schwammenthal: Germany��s Free-Market FDP Is on the Rise

The minister added that local councils faced a huge challenge to deliver more with less, but closing the debate the Conservative Shadow Finance Minister said that his party didn't believe that efficiency savings are incompatible with running effective public services.

BBC: Conservatives' debate on value for money

Tory Shadow Minister for Finance Paul Davies sees nothing "other than a fresh attempt by Welsh Labour Ministers to be seen to act on the economy, while spending money which would be better spent by taxpayers themselves".

BBC: Stimulus - the Welsh, Scottish and Westminster way

Shadow Minister for Finance Nick Ramsay AM stressed that a cap should be set on the amount that can be borrowed and called on the Welsh government to be more specific in regards to what projects would be funded with the additional money.

BBC: Debate on fairer funding for Wales

Ask if you could shadow different functions like marketing, finance or product management.

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As MPs debated the Local Government Finance Bill at report stage on 21 May 2012, shadow local government minister Helen Jones said the government was being "wilfully blind" to the potential problems caused by the bill's changes to the way business rates are distributed, claiming the reforms could increase the north-south divide.

BBC: Local Government Finance Bill part two