The UK Government's Autumn Statement

Part of 1. Questions to the First Minister – in the Senedd at 2:12 pm on 22 November 2022.

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Photo of Lesley Griffiths Lesley Griffiths Labour 2:12, 22 November 2022

Yes, absolutely. I know that the Minister for Finance and Local Government will continue to press those points that you made. They are simply staggering numbers in that OBR report that you referred to. Real household disposable income per person will fall more than 7 per cent over the next two years, as you said, and that’s the biggest fall on record. Income is now going down to 2013 levels—nine years ago. I mentioned that we are already in a deep recession. The inflation shock that we have had since last month varies between different measures. Another shocking revelation that I saw was that the Organisation for Economic Co-operation and Development has stated that the UK is forecast to have the worst growth performance in the G20 over the next two years, with the exception of Russia. It’s just incredible. I know that the Minister will continue to have those discussions and, as I said, we will be looking very carefully at the details of the autumn statement as we prepare to bring our draft budget forward next month.