Brexit and Future Budgets

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:16 pm on 3 April 2019.

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Photo of Alun Davies Alun Davies Labour 2:16, 3 April 2019

Minister, we're aware that the chaos surrounding Brexit at present is already having a damaging impact on the budgets of the United Kingdom, but also on the perception of the United Kingdom in the wider world. We are also aware that there isn't a single form of Brexit that actually benefits the economy. There's no such thing as a jobs-first Brexit, there's no such thing as an economy-first Brexit. We know that Brexit, whatever form it takes, will have a detrimental impact on the economy of Wales and the economy of the United Kingdom. The question we ask ourselves is what sort of negative impact it will have. Now, that clearly will impact our ability to raise taxation, both in Wales and the United Kingdom. It would appear to me that it would be useful were the Welsh Government to be able to make a full statement on the potential impacts on public spending in Wales of Brexit, whatever form it takes.