3. Statement by the Cabinet Secretary for Finance: The Draft Budget 2019-20

Part of the debate – in the Senedd at 3:18 pm on 2 October 2018.

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Photo of Mr Neil Hamilton Mr Neil Hamilton UKIP 3:18, 2 October 2018

I'm grateful to the Cabinet Secretary for giving me advance sight of the main details of the budget. The Cabinet Secretary is a safe pair of hands, but that may largely be because he's constrained by the straitjacket of the block grant on the one hand, and by the limited nature of tax devolution to Wales and his own personal abnegation in failing to use the income tax powers for reasons that I fully understand and approve of in this financial year. So, although he's described this as a bread-and-butter budget, actually, what we're talking about here is more the crumbs that fall from the table than the slice of bread and butter—or perhaps bread and dripping would be a better description of it—that he mentioned. And that's no criticism of the Cabinet Secretary at all. I genuinely do think he is a safe pair of hands and has managed his task with great clarity and ability.

Indeed, we see some of the benefits of that, as mentioned in the statement—his ability in negotiating the fiscal framework, for example, with the chief secretary has produced some financial benefits for us that are much valued: £90 million, as the statement says, and £71 million in this financial year. He's to be congratulated, and I think has been congratulated, by all sides of this house on the way in which he handled those negotiations.