Part of the debate – in the Senedd at 4:14 pm on 23 February 2021.
Can I thank the Minister for his statement this afternoon? I'd also like to take this opportunity to acknowledge the generous support you've afforded businesses across Wales in the response to COVID-19, again witnessed by the extra £270 million you announced today. But as we all know, despite the Welsh Government's endeavours, there is and will be a catastrophic consequence for the Welsh economy as a result of lockdown. I'm sure, therefore, that all of us in the Senedd will support you in your cause for greater financial help from the UK Government. The devastation has been so great that only the UK Government has the financial resources to build the UK economies, and that must include Wales.
Of course, I understand that the measures laid out in the statement are designed to mitigate the effects of the pandemic, and to bring us out of the economic downturn as soon as possible, and I welcome your emphasis on high-tech industries. The strange statistic that average wages in Wales have risen during this lockdown period masks the fact that this is because the lockdown has impacted on lower-wage earners far greater than those in the higher pay brackets. This means, of course, that the worst affected have been the poorest in society. Many of these low-wage earners are from those sectors hardest hit by the lockdown—the hospitality industry, pubs, restaurants, accommodation establishments. I would therefore call upon the Government to prioritise this sector when you're building the economy, not just because of the sector itself but because this sector has the ability to bounce out of the economic downturn far quicker than others.