Part of the debate – in the Senedd at 5:39 pm on 1 March 2022.
I have acknowledged that there has been no response to the committee, which I think is a matter of deep regret, and that is unacceptable. I've already put on record my views about that.
Getting back to what I was saying, a UK-wide subsidy control regime is necessary to ensure that subsidies do not unduly distort competition within the UK internal market. Now more than ever, particularly post the coronavirus pandemic, we need the strength and stability of our economic union as a United Kingdom so that we can build back better. The new approach to subsidy control will provide a single and coherent framework to protect the UK's internal market whilst empowering devolved administrations, empowering the Welsh Government and other public bodies, to design subsidies that are tailored and bespoke to meet local needs, without facing the excessive bureaucracy that we had to encounter with the previous regime when it was run by the European Union.
This Bill will deliver the regime change that we need. It will also support—and I heard the Minister's comments about levelling up—the levelling-up agenda. I know you've had discussions about regional inequalities with the UK Government Ministers when you've been discussing this matter and your officials have been discussing this matter. They have given assurances that this will help to address—[Interruption.] They have given assurances that they will help to deliver the sort of considerations that you have given in respect of the levelling-up agenda, and of course it will help us to achieve the net-zero carbon agenda as well as supporting that economic recovery that I mentioned earlier from COVID-19.
This is going to be a flexible, agile, tailored system that is going to support business growth here in Wales and across the rest of the UK, and of course it will promote competition. We need to make sure that we have a subsidy regime that works for Wales and works for the UK, not one, which was the former, that worked for the EU.