Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 2:07 pm on 17 May 2017.
I thank the Cabinet Secretary for that answer. I’d be very interested to hear what specifically ‘redoubling’ actually means. I think it’s fair to say that when negotiations begin between the UK and the EU on our withdrawal from the European Union there might be market volatility, there might be further currency fluctuations as every angle of the negotiations is analysed, and the potential for leaks.
When I asked the Welsh Government what specific support was being provided for the agriculture sector in terms of mitigating currency fluctuations, the response was that currency fluctuations were beyond the control of the Welsh Government, which was a very helpful answer. The Irish Government has established a €150 million agriculture cash flow support loan scheme, making funds available to farmers at low cost to help address impact of currency and exchange rate volatility. I wonder if the Welsh Government might consider an equivalent scheme in this country to support exporters more broadly for potential volatility in the financial and currency markets.