Part of the debate – in the Senedd at 4:24 pm on 7 March 2023.
I'm grateful to you, Deputy Presiding Officer. Like others this afternoon, I'd like to start by congratulating the Minister on bringing this budget in front of us. I think she opened her remarks this afternoon by saying that it was a difficult budget for difficult times; it sounded like Gordon Brown [Laughter.] But, it's important to be able to set a budget, and, of course, given the interventions that we've heard from the Conservatives this afternoon, it's important to be able to set a budget that doesn't cost the economy £30 billion in 48 days, which I think the Government will also manage to achieve this afternoon.
But I hope, Deputy Presiding Officer, that we're also able, this afternoon, to agree that an hour isn't sufficient time—a point made by my friend, Mike Hedges, who is absolutely right: we do need to have more time to have a more reasoned conversation on these matters, and I hope that we'll be able to do that next year. I hope that, next year, also, we'll be able to look towards a legislative budget to put these matters on a proper statutory footing to enable the Senedd to have far greater control over how the budget operates.
But it's important also that we recognise where we are in having this debate. We are having a budget that is in the shadow of one of the most catastrophic economic episodes of mismanagement that we've seen in the UK economy in any of our lifetimes. The autumn saw an absolutely disastrous mismanagement and miscalculation from the UK Government that costs us all money today. It costs all of us who have mortgages, it costs all of us who work, money in our budgets today, and that will be reflected in our ability to raise funds in the future. But we're also, Deputy Presiding Officer, setting a budget in the shadow of Brexit. We know that Brexit has cost the economy 4 per cent in lost output. We know that that will have an impact on our tax base; we know that that will have an impact on our ability to deliver services for people; we know that that will have an impact on the size and quantum of the budget in the future. So, this is a difficult budget, but it's important—[Interruption.] I will allow that.