PONTYPRIDD MP REACTS TO THE UK CHANCELLOR’S AUTUMN BUDGET

Today in Parliament the UK Chancellor, Rishi Sunak MP, has set out a number of measures that will have an impact on people living across the devolved nations, including in Wales.

Pontypridd MP, Alex Davies-Jones, plans to be speak in the debate on the Budget and Spending Review on Thursday 28^th October, where she will be pushing the UK Government on the major gaps in the funding settlement for Wales.

In the announcement today, there was no new investment for securing coal tips in Wales and no action taken on the Mineworkers’ Pension Scheme.

Also announced is a cut to the bank surcharge, which sees banks paying a percentage charge on top of their profits.

This surcharge will now drop to 3% which means, alongside corporation tax, banks will now pay 28% tax.

Commenting on the Budget and Spending Review, Alex Davies-Jones MP said:

“At a time when the cost of living is rising and families across Wales are struggling following the Government’s shameful cuts to universal credit, this Budget could have been an opportunity to support people in need.

Instead, the Chancellor hides being long term investments that sound big, but don’t do anything to support people struggling now.

And once again, Wales has been left behind, with no money for coal tips, no support for former mineworkers, and no funding to support rail infrastructure.

I will do everything I can to support local businesses, and working people across Pontypridd and Taff Ely wherever possible, despite the half-baked Budget announced today by the Chancellor.”

Read what the Chancellor Rishi Sunak announced in his budget here