Thanks for joining us for live coverage of today's announcement - see theBBC News website for reports and reaction, plus coverage of the Welsh Conservatives' and Welsh Lib Dems' conferences.
- Friday 27 February 2015
- David Cameron and Nick Clegg announced plans for further devolution for Wales
- Assembly will be given control of its elections and can change its own name
- Decisions over fracking and other energy projects to be devolved
- Minimum funding pledge 'removes barriers' to income tax referendum
- First Minister Carwyn Jones reacts by saying the plans 'fall short' in key areas
"The move towards a funding floor is an important step forward and we have been pushing for this for some time. But we cannot be confident that funding for Wales has been put on a fair and sustainable footing until the detail is agreed at the next Spending Review. This is disappointing and should also be seen in the context of an unprecedented £1.5bn cut to the Welsh budget in this term.
"We will now consider the details of the proposals ahead of a full response to the National Assembly for Wales on Tuesday," added the first minister.
He also said: "Wales is still not being treated with the same respect as that being afforded to Scotland and this continuing imbalanced approach is damaging to the UK."
Responding to the announcement, First Minister Carwyn Jones said: "The proposals only go some of the way to matching Labour's devolution offer already set out by Ed Miliband, but they fall short in crucial areas - such as on policing."
Apologies for not being able to bring you the live video stream. We had technical issues.
David Cameron draws proceedings to a close and thanks everyone for coming - he's due to give a speech at the Welsh Conservative conference.
Clegg says the coalition has done "exceptional things in very exceptional circumstances - we could have been Greece".
Nick Clegg says the survival of the coalition government shows parties can work together: "Consensus is not a dirty word".
Sky news asks a question about 'Jihadi John'. David Cameron says UK government will do everything it can to put such people "out of action"
Holtham said a funding floor was needed before a referendum could be held - Clegg says no more reasons to reject a referendum.
Nick Clegg says it is a cross-party agreement, but adds that he would like to go further on policing and justice.
"These things come as a package" - challenge to the Welsh Labour party is to make up its mind.
But Cameron adds that with the funding floor comes responsibility for giving value for money.
David Cameron says Wales currently gets more funding per head than people in England. But people need reassurance of funding floor.
Adrian Masters of ITV Wales asks what difference fairer funding will make to people's lives in Wales, and why it should be dependent on a referendum.
Nick Clegg adds that the funding floor promise means there should be no obstacle to the Welsh government holding a referendum on income tax powers.
Right for Wales, will make Welsh politics more competitive and helps responsible government, added Cameron.
Assembly shouldn't just be a spending body, but should take responsibility for raising money said Cameron.
David Cameron said the promise was made and urges that the referendum goes ahead.
Nick Servini from BBC Wales asks why Wales needs a referendum on income tax.
Our whole country will benefit to create fairer society and stronger economy,
Deal will meet the needs of the Welsh public for years to come.
Lib Dems have record of giving more power away from Whitehall to the UK nations and regions.
Settlement increases powers at Wales' disposal - more control over its own affairs and moving towards fair funding.
Clegg wants all communities to thrive.
Clegg hails a "deal worth celebrating" and a step towards "home rule for Wales".
Cameron hands over to Nick Clegg.
Hope the debate moves from where the powers are, to how the powers can be used best for Wales.
More opportunity for Welsh public to hold politicians to account.
Responsible and real devolution, vital for Wales and UK.
Funding floor removes "last remaining barrier" to a referendum on devolving income tax powers.
Funding floor promised to Wales.
Fracking, ports, speed limits, energy products, voting age for assembly elections all will be taken in Cardiff.
St David's Day agreement represents one of the biggest ever transfers of power to Wales.
David Cameron says there will be a "stronger, clearer, fairer" settlement for Wales.
Welsh Secretary Stephen Crabb is welcoming reporters to the Millennium Stadium in Cardiff where the announcement is being made.