Cost of Living Crisis: Impact on Businesses

8. What recent assessment he has made of the impact of the cost of living crisis on businesses in Wales.

This Government have provided an unprecedented package for non-domestic energy users through this winter, worth £18 billion, and our new energy bills discount scheme will provide a discount on high energy costs to give businesses certainty while limiting taxpayers’ exposure to volatile energy markets.

I welcome the Secretary of State’s support running up to April, but he must accept that the changes that the Government are introducing from April are also bringing about huge amounts of uncertainty for many businesses, including in my constituency of Ogmore. One business is looking at potentially making several hundred of its workforce redundant because it is unable to get guarantees on funding beyond April. Will the Secretary of State meet me to see what work we can do to try to ensure that business is secured, and convince the Chancellor that more support is needed in the Budget for businesses in Wales and across the UK?

I certainly know that the Chancellor and the Treasury have been having discussions with businesses in Wales about what support can be given, but I would be perfectly happy to meet the hon. Gentleman and that business in his constituency to see what further support can be given.

Dydd gŵyl Dewi hapus. Businesses on Ynys Môn have been impacted by the cost of living crisis, compounded by a lack of investment in key infrastructure. With the cancellation of plans for a third Menai bridge, it is clear that Labour and its Plaid chums in Cardiff would rather Anglesey was on a road to nowhere. Does the Secretary of State agree that a freeport on Anglesey would demonstrate that my constituency is on a superhighway to the future?

I pay tribute to my hon. Friend, who has been a doughty champion for not only a freeport, but a nuclear power station and a third Menai bridge, in her constituency of Ynys Môn. She must have been as disappointed as I was that the Welsh Labour Government have decided that they will build no more roads in Wales, meaning that her constituents will lose out as a result of not being able to have that vital road connection.