The UK Government's Economic Policy

Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 2:07 pm on 29 June 2022.

Alert me about debates like this

Photo of Alun Davies Alun Davies Labour 2:07, 29 June 2022

I accept that Minister, but, sometimes, I think we place too much emphasis on simply spending. My question was about how we raise funds as well. The UK Government's obsession with austerity has created real significant structural problems in the economy. But their decision to go for a hard Brexit, leaving the single market and the customs union, has meant that the UK economy and the Welsh economy are suffering long-term harm. This will have, I assume, a direct impact on the money raised by the Welsh Government in terms of its taxation policy. My question to you, Minister, is: to what extent is this analysis correct? Have you had an opportunity to make an assessment of the impact of UK economic policy? And how, if you have made an assessment, are you able to ameliorate that impact?