Flood Insurance

Part of 1. Questions to the Minister for Economy – in the Senedd at 1:32 pm on 14 December 2022.

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Photo of Vaughan Gething Vaughan Gething Labour 1:32, 14 December 2022

Yes, I can confirm that those conversations do take place and it's a real concern for the Welsh Government. You'll see in the draft budget that we published yesterday the reality of how we make the whole budget balance. And the relative value of the Welsh Government's budget has significantly decreased because the realities of inflation within that prioritisation is looking at both of the points you make around the value for money in the schemes that there are, the efficacy and what that actually means, and how far our money can stretch in providing adequate flood defence measures. It also reinforces the other action we're looking to take to deal with some of the challenges and causes of flooding, as well as the flood defence schemes that you mentioned.