UK Finance Ministers discuss additional cost of living support for vulnerable

Finance Ministers from across the UK met today in Cardiff, with the cost-of-living crisis continuing to dominate talks.

Topics for discussion included inflation, energy security and public spending pressures – each set against the backdrop of a cost-of-living crisis which continues to spiral and affect many aspects of people’s everyday lives.

Welsh Government Minister for Finance and Local Government Rebecca Evans chaired the meeting, and said she was aware that “additional support” was still required.

Ms Evans said: “I have asked the Chief Secretary to the Treasury today to look into additional support for vulnerable energy consumers, those on Universal Credit and debt advice services.

“The Welsh Government has already invested more than £3.3bn in Wales to support those who need help the most.

But what we really need now is for the UK Government to tackle the rise in inflation – as pledged by the Prime Minister – whilst ensuring that investment is maintained in those public services upon which we all depend.”

On energy, the Minister said that Wales was continuing to invest in innovative programmes to “help minimise our reliance on fossil fuels”.

Challenges

She said: “We have recently introduced a bill to modernise and simplify the processes behind developing infrastructure projects. This is an important step towards addressing our long-term energy challenges.

“We now need the UK Government to increase investment in Wales’ electricity grid to meet the growing demand; harness the opportunities for renewable energy generation; and allow us to benefit from a cleaner, more secure energy system that supports economic prosperity.”

On public sector pay, the Minister and her Scottish counterpart urged an additional injection of funding for the NHS to support its work as it approaches its 75th Anniversary.

The Minister for Finance and Local Government also pressed for clarity on whether there will be additional funding for the devolved governments as a result of pay offers in England for the NHS and the Civil Service.