The Cost-of-living Crisis

Part of 1. Questions to the First Minister – in the Senedd at 2:27 pm on 24 January 2023.

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Photo of Jayne Bryant Jayne Bryant Labour 2:27, 24 January 2023

Diolch, Prif Weinidog. The Federation of Small Businesses has suggested that almost one in four of the UK's small companies could be forced to close, downsize, or restructure, thanks to the UK Government slashing subsidies for companies' energy bills. They have estimated that many small companies will get as little as £50 per year in future Government support, whilst the Resolution Foundation's living standards outlook 2023 suggests that although wholesale energy prices are falling, energy bills will go up again in April, and help with those costs will fall. A typical household will pay £850 more in energy bills in 2023-24 than in the current financial year. In addition to all this, the UK Government refused to reinstate the £20 universal credit uplift, and are shelving important childcare reforms at a time when parents need them the most. Prif Weinidog, would you agree with the conclusion reached by the Resolution Foundation that this UK Parliament is set to be the worst Parliament on record for living standards for almost all parts of the income distribution?