Key Insights from the Upcoming Welsh Budget Announcement
Wales’ Finance Secretary Mark Drakeford is set to unveil a £25bn budget, influenced significantly by an additional £1bn funding from Westminster. The budget, affecting the economy and taxes, comes as First Minister Eluned Morgan acknowledges a ‘crisis’ in NHS waiting times. While health spending will dominate, local authorities face financial challenges that could impact essential services. The Welsh government must also navigate cost-of-living issues and potential tax changes amid political negotiations, as Labour lacks a majority in the Senedd.