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Spring Budget: Wales — [Mr Philip Hollobone in the Chair]

29 March 2023

Lead MP

Ruth Jones
Newport West and Islwyn
Lab

Responding Minister

James Davies

Tags

TaxationClimateWalesEnergyBenefits & WelfareChildren & Families
Word Count: 13661
Other Contributors: 9

At a Glance

Ruth Jones raised concerns about spring budget: wales — [mr philip hollobone in the chair] in Westminster Hall. A government minister responded.

Key Requests to Government:

The Labour Party aims to secure high sustained growth in G7 economies, which would be beneficial for Wales. The Government needs to address economic mismanagement and provide real investment in communities instead of tax cuts for the richest.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Newport West and Islwyn
Opened the debate
The Government's economic policies have led to decline in Wales. The recent Spring Budget was a missed opportunity for real change, with no regard for the livelihoods of constituents. The UK Treasury has taken back over £155 million from the Welsh Government, which is unacceptable and unwise. Steel industry issues highlight the need for growth and productivity gains. Rising inflation, energy bills, and food costs are worsening conditions for people in Wales.

Government Response

James Davies
Government Response
It is a pleasure to serve under your chairmanship, Mr Hollobone. I congratulate the hon. Member for Newport West (Ruth Jones) on securing this important debate. The recent spring Budget by my right hon. Friend the Chancellor includes funding for multiple projects that will specifically benefit Wales, such as £20 million for restoring Holyhead breakwater and up to £20 billion over two decades for carbon capture, utilisation and storage (CCUS). There are plans for two freeports in Wales which will bring jobs and investment. The programme of 12 investment zones across the UK includes at least one in Wales with up to £80 million over five years to grow a cluster in key future sectors. The shared prosperity fund is intended to replace EU funds, and I argue that Welsh Government officials broadly accept the approach taken by the UK Government, with an additional record level of investment coming from the UK Government. To support employment in Wales, we are helping parents on universal credit who are moving into work or looking to increase their working hours by making sure they have upfront support for childcare.
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About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.