6. Statement by the Minister for Finance and Local Government: Response to the UK Government Autumn Statement and Economic and Fiscal Forecasts

Part of the debate – in the Senedd at 4:05 pm on 22 November 2022.

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Photo of Rhianon Passmore Rhianon Passmore Labour 4:05, 22 November 2022

Diolch, Deputy Llywydd. I agree with my colleagues Joyce Watson and Carolyn Thomas. This unfine economic mess that we're in is not just purely the fault to be laid at Putin's war. 

The Organisation for Economic Co-operation and Development, the OECD, today—today—has reported that the UK is one of the worst performing economies in the world amongst the richest economies. So, I fail to know which part of that doesn't sink in. I'm quite happy to send the report across to the party opposite. It's the first assessment of the UK economy by a major international institution following the Conservative UK Government's first Liz Truss mini-budget fiasco, and now the further public sector Sunak attack plan. The marking of this homework purely puts the UK at the bottom of the class. I'm quite happy to circulate the report.

Rishi Sunak is now one of three UK Prime Ministers so far in 2022, and one of four Chancellors in 2022. So, it's neither strong nor stable. And whilst the Prime Minister will feature—