The Financial Markets

Part of 1. Questions to the First Minister – in the Senedd at 1:36 pm on 18 October 2022.

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Photo of Mark Drakeford Mark Drakeford Labour 1:36, 18 October 2022

Llywydd, I thank Ken Skates for that question. The recent turmoil in UK financial markets, for which the UK Government’s fiscal statement was the catalyst, has increased the cost of borrowing for Government, businesses and ordinary citizens. It will damage growth, worsen the public finances and make life harder for borrowers, including homebuyers.