A new Bevan Foundation report highlights has revealed the impact of Covid on household finances across Wales.
A new report from the Bevan Foundation has highlighted the impact that the current pandemic has had on finances of Welsh households. The report indicates that almost a quarter of Welsh households have seen a fall in their income due to a mixture of business shutdowns, furlough pay and redundancies.
Welsh Liberal Democrat leader Jane Dodds said this report needs to act as a wakeup call to Wales and to whoever forms the next Welsh Government.
Welsh Liberal Democrat leader Jane Dodds said:
“This report highlights the real damage done to our economy. Covid isn’t just a health crisis, it’s effecting every aspect of our existence. It should be a stark reminder that many people have lost a significant amount of income over the last twelve months and that when shops and restaurants do eventually reopen, our economy won’t magically return to normal.
“The Welsh Liberal Democrats are calling for a cross party economy recovery council to be established, made up of representatives of all major political parties, to work alongside business leaders and academics in order to discuss and a agree a sustainable and effective way forward.
“This report needs to act as a wakeup call to whoever forms the next Welsh Government and they need to ensure that their plans are bold and radical and that our recovery from Covid is put first.”