Llinos Medi

“Today should have been an opportunity to offer some hope, and to deliver for Wales. Unfortunately, the Chancellor has failed to do that, and our communities will still feel vulnerable. We have been promised action on the cost of living, but nothing has been said about the unfair standing charges that see communities like mine on Ynys Môn pay £58 a year more than the UK average. On the cost of energy, one way to offer families immediate relief is to cut VAT on energy bills and review unfair standing charges. The Budget has not addressed a travesty: Wales is a net exporter of energy, yet 25% of all Welsh households are in fuel poverty. To change that, Wales should have powers over the Crown Estate, equivalent to those in Scotland, so that the millions generated in profit from our natural resources can be returned to our communities, rather than going to Whitehall. Money for the NHS in the Budget is always welcome, but this money must be put into context. The lowest day-to-day spending increases from recent Westminster Governments for Wales’s public services have come from Labour. Today was another missed opportunity for this Government to deliver for Wales. Classifying High Speed 2 and Oxford-Cambridge rail as “England and Wales projects” is denying Wales £4 billion. Rail spending per capita in Wales stands at £307, while in England the figure is £432. That is a clear injustice that the Government have failed to address today. The leaking and briefing in the run-up to the Budget, and today’s unprecedented early publication of the OBR’s “Economic and fiscal outlook”, has made a mockery of the process. The speculation has caused unhelpful volatility for businesses and the markets. Uncertainty about borrowing costs for business and Government, and delays to interest rate cuts, are undermining the growth that our public services need, and provide no stability for businesses to flourish. That comes at a time when businesses in Wales are already suffering from the incoming hit of inheritance tax, which, it is estimated, will cost more than 9,000 jobs in Wales, yet the Treasury still refuses to conduct an impact assessment specifically for Wales. Today’s announcement does not take away any of the financial burden that our family farms feel. Today, I have received a message saying that Welsh farmers facing the terrible consequences of the inheritance tax are actually considering taking their own lives. That is the reality of this Government’s attack on our family farms. Measures on the cost of living are welcome. However, despite the Budget’s policies, living standards and real household disposable income are negatively impacted by this Budget, as shown by the OBR. A rise in the minimum wage is welcome for the workers who keep our public services and local economies running, but without action on national insurance, small businesses will struggle to afford the increase. That issue is especially relevant for us in Wales, as the latest job figures show that Wales has the steepest increase in unemployment of the UK nations. To avoid further losses, we needed the Budget to support both workers and our small businesses.”