The Economic Impact of Brexit

Part of 1. Questions to the Minister for Economy – in the Senedd at 2:12 pm on 13 July 2022.

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Photo of Vaughan Gething Vaughan Gething Labour 2:12, 13 July 2022

I don't think I could agree with the way in which the point is phrased, because it comes at it from a certain point of view. But I think something about how regularly we update the Chamber and members of the wider public on the realities of our changed trading position is a fair one. It's why I referenced, in responding to Rhys ab Owen at the start, the OBR's own assessment—so, not a Welsh Government body, but a body created by the UK Government. It's their assessment that us leaving the European Union on the terms on which we left have shrunk the UK economy, with more to come. And I think, as well as presenting that, we'd also want to try to explain what we are doing to try to support the economy in that. I'll happily give some thought to how we do that, because it comes up on a relatively regular basis in a range of different forms: the statements I've had to give on borders, the work we're having to do on that; there's more about the challenges and the changed funding arrangements, and how likely it is we'll be able to be associated with Horizon as well, which will have a significant impact. So, I will give some thought to how we can usefully do that, and that may well help not just the Chamber, but Members in their relevant scrutiny committees as well.