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Mr President, this is a problem not just for tomorrow, but for today. Every year water insecurity costs the global economy $500 billion. That’s 500 billion lost to inadequate water and sanitation, lost to urban flood damage, lost to agriculture wastage through droughts and floods.
Environment Agency teams have been out in their communities throughout the night working to reduce flood risk. Temporary flood defences have been deployed and we are continuing to maintain flood defences, clear blockages in watercourses and monitor water levels.
The new rate will increase pay for typical minimum wage workers (26 hours) by nearly £300 per year rising to nearly £600 for full-time minimum wage workers. An increase of 4.2 per cent is, after the introduction of the National Living Wage in April, the largest increase in the main rate of the minimum wage since 2006.
It is an Autumn Statement that contains measures that will help people all over Wales, making it easier for them to save for the future, giving people on the National Living Wage a pay rise and supporting the pioneering work of Wales’ great universities by investing in research and innovation.
On top of that, £1.4 billion will be used to provide 40,000 new affordable homes, including some for shared ownership and some for affordable rent. And another £1.7 billion will be used to speed up the construction of new homes on public sector land.
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