Finance Minister's cuts warning

Finance Minister Jane Hutt says UK Government budget cuts will lead to 'the most challenging years since devolution'

Advertisement

Budget increase 'not extra money' - Finance Minister

As part of her attack on UK Government spending cuts, Finance Minister Jane Hutt has dismissed as 'not extra money' an increase of £161m in capital funding which was announced in the Chancellor's recent budget.

The £161m in additional capital spending announced by the UK Government is not extra money we can use to spend on our priorities – it’s being given to us with one hand, and taken back by the other. It also has strings attached. It can only be used for loans or equity investment – and a proportion will have to be repaid.

The Welsh Government is already doing all it can to boost the resources available for infrastructure investment to stimulate the economy, but we need the UK Government to play its part.

– Jane Hutt AM, Finance Minister

We want to see the Welsh economy returned to full strength. Last week’s Budget will not make that task any easier.

– Jane Hutt AM, Finance Minister

Services in Wales will be hit - Finance Minister

Finance Minister Jane Hutt says services here in Wales will be put under 'considerable pressure' by a range of cuts which she says will lead to the 'most challenging years since devolution.'

The cuts following last week’s Budget are a real blow and will place our crucial public services under further pressure. They will also have a real impact on our ability to shield Wales from the accumulative effects of the UK Government’s spending cuts, welfare reforms, legal aid cuts and cuts to Wales’ European structural funds budget.

“Between 1999 and 2010, we saw steady increases in our Budget. Since then, we have seen year-on-year cuts in real terms.

The Chancellor’s Budget – which cuts our Budget even further - will add considerable pressure to public services this year and even more pressure next year. This means the next few years will be the most challenging since devolution.

– Jane Hutt AM, Finance Minister