Well, Llywydd, I don't think there is any doubt; I think it's just a statement of fact that living standards will fall in this financial year and next financial year, to an extent that we've never seen before.

Llywydd, I think Jayne Bryant makes two very important points. It sometimes seems to me to a be a bit hidden in the public reporting and discussion of assistance with energy bills the extent to which the UK Government has stood away from the help that is currently available to businesses with those bills. The Federation of Small Businesses estimate that, in the next financial year, a small business will get on average £47 in assistance with their energy bills. The UK Government's own figures say this: that a pub that, at the moment, is receiving £3,100 per month to the end of March, will receive £190 a month from 1 April onwards. But a typical small retail store, which the Government has believed needed £500 a month in support at the moment and up to the end of March, will get £33 a month from then onwards. It's little wonder, then, that the British Chambers of Commerce is predicting that literally thousands of small businesses will go under as a result of that factor alone, and that will undoubtedly affect businesses in Newport West and other parts of Wales. 

As to the broader points that the Member made, the Resolution Foundation's living standards outlook report of last week makes very, very grim reading. A typical household will pay £850 more in energy bills in the next financial year than in the current financial year, with much less help available to them. The average household with a mortgage that needs to renew their mortgage in 2023, will face an annual increase of £3,000 in mortgage costs. No wonder the Resolution Foundation says that living standards will be under pressure this year and next as never before.