Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:44 pm on 28 September 2022.
Thank you for that, Minister. I think what the UK Government has proven, through its discussions and movement on free ports with Welsh Government, is that they are happy to talk and work with you. So, I'm sure that can happen with the other zones as well.
Presiding Officer, we've heard a lot about the energy crisis over recent months, and I very much welcome the UK Government's energy bill relief scheme. This is something that obviously offers certainty to businesses and provides valuable support at a difficult time. But an issue that hasn't been spoken about much is the cost-of-doing-business crisis, that business overheads have increased, squeezing margins and placing more pressure on businesses. Such issues are being felt right across the economy, with the latest business barometer from Lloyds Bank showing that Welsh firms reported lower confidence in their own business prospects month on month, down 37 points at 4 per cent. Businesses then have suggested that they will require additional financial support in addition to support for energy costs to help them through this period.
Minister, what discussions have you held with businesses and business bodies about the help that they need, and how will this feed into your budget this autumn? For example, what consideration have you given to introducing a discretionary scheme in partnership with councils, similar to what was put in place during the pandemic? And finally, what conversations have you had with your UK counterparts about ways in which self-employed people can be given tailored support, recognising the particular concerns they currently have?