Cost of Living Crisis: Wales — Caroline Nokes in the Chair

Part of the debate – in Westminster Hall at 3:46 pm on 19th July 2022.

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Photo of David Davies David Davies The Parliamentary Under-Secretary of State for Wales, The Lord Commissioner of HM Treasury 3:46 pm, 19th July 2022

If we are going to have an economic history lesson going back to 2010, we will have to look at the enormous amounts of money that the then Labour Government borrowed, the financial crisis and its impact, and then the impact of covid and then a war. Generally speaking, every 10 years or so, a Government will face a serious crisis of global proportions. It could have been the fall of the wall in 1989.