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21/09/2022
Finance Ministers Call For Urgent Action On Cost-Of-Living Crisis
Finance Minister Conor Murphy has joined forces with Finance Ministers in Scotland and Wales to call for more targeted support to those impacted the most by the cost of living crisis
The Minister's have called on the UK government to fund its cap on energy prices through a windfall tax, not higher borrowing.
In a joint letter to the new Chancellor of the Exchequer Kwasi Kwarteng, the Minister's expressed their concern that more action is needed to prevent further hardship for households and businesses and say support "should be funded by targeting the windfall gains in the energy sector rather than passing on the cost through higher borrowing".
The Finance Ministers also call for additional funding to support vital public services in the face of rising prices, energy costs and wage pressures as devolved settlements are worth considerably less in real terms than last October when they were set.
The Minister's have called on the UK government to fund its cap on energy prices through a windfall tax, not higher borrowing.
In a joint letter to the new Chancellor of the Exchequer Kwasi Kwarteng, the Minister's expressed their concern that more action is needed to prevent further hardship for households and businesses and say support "should be funded by targeting the windfall gains in the energy sector rather than passing on the cost through higher borrowing".
The Finance Ministers also call for additional funding to support vital public services in the face of rising prices, energy costs and wage pressures as devolved settlements are worth considerably less in real terms than last October when they were set.
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