Part of the debate – in the Senedd at 2:57 pm on 27 September 2022.
I'm grateful to the Minister for her statement. I think it's clear that this was a budget for the very richest people in society. It wasn't a budget for Wales and it wasn't a budget for the people of Wales. Liz Truss has seen the economy collapse by £500 billion—or dollars, as you could say nowadays—since becoming Prime Minister. It is the most extraordinary economic failure that I can remember in my lifetime, and, together with Brexit, I think we are seeing some really serious structural damage to the basis of our economy at the moment.
I very much agree with the assessment of the Minister. I also agree with the point that was made by Llyr in terms of the financial framework, and looking again at the financial framework. I think the financial framework was established at a time when you had two Governments working together, and clearly at the moment that's not what we have. I think, Minister, the points you made in your statement this afternoon underpin that assessment. I'd like you, if you could, Minister, to give us the cost of the changes you've made to the land transaction tax—how much that will cost the Welsh exchequer—so we can understand the consequences of that. And one of the issues that we haven't really debated—