Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:09 pm on 13 January 2021.
I was very interested in the question from Michelle Brown. Councils in England have borrowed far in excess of 100 per cent of their annual income in terms of commercial properties, which is certainly a cause for concern for all of us, because it effects the British economy. What I would say to the Minister is: do you agree with me that the best way of dealing with Government debt is to grow the economy, and thus grow the tax received? Tax received in 2018 was almost 50 times that of 50 years previously. The more you grow the economy, the more tax you receive, the less debt actually matters.