First Minister Mark Drakeford has issued a scathing response to Jeremy Hunt's budget statement, in which the new Chancellor overturned almost all the policies announced by Liz Truss and Kwasi Kwarteng when they came into power. His comments followed the announcement that the energy support scheme would be cut back from April 2023 and that the planned income tax cuts would be scrapped. You can follow the latest from the House of Commons this afternoon with our live blog here.
The First Minister tweeted: "The Chancellor’s actions will shrink the economy causing a deeper, longer lasting recession. We will all pay the price for their failures." He added: "Although we're unable to protect people fully against these proposed cuts, we'll continue to do all we can to help you through this crisis."
