11/25/2022

Wales News Online

Local & National News for Wales

“A crisis made in Downing Street” – Welsh Government on Chancellor’s statement

In response to the Chancellor’s latest financial statement, Rebecca Evans, the Welsh Government’s Minister for Finance and Local Government, said:

“The complete unravelling of the mini-budget shows the chaos at the heart of the UK Government.

“In the space of six short weeks the UK Government’s reckless and flawed economic policy has caused mayhem in the financial markets, pushed up mortgage costs and stretched household budgets even further.

“Now the UK Government is rolling back on its energy price support scheme for households, something that will only add to the uncertainty people are facing as they worry about paying their bills.

“The new Chancellor has signalled a new era of austerity to start to fill the hole in public finances. We will all pay for the government’s mistakes. But this is a crisis made in Downing Street and one it needs to address.

“The Chancellor needs to use his next financial statement to provide reassurance we will not see the deep spending cuts that will affect jobs, services and our economy – and to provide support to vulnerable households who have been ignored today.”

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