Cost of Living

Part of Wales – in the House of Commons at on 8 May 2024.

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Photo of David Davies David Davies The Secretary of State for Wales

My hon. Friend raises a very interesting point here. The Development Bank of Wales, which is owned ultimately by the Welsh taxpayers, should be there to support businesses through cost of living pressures. It was able to make a £400,000 loan to a company that was then able to turn round and add £200,000 back into a political donation to enable the First Minister to win the Welsh Labour leadership election. It is a very good question, but it is not a question for me; it is one that should be answered by those on the shadow Front Bench. On this matter, they have been very silent indeed.