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Welsh Lib Dems call for tax on big banks to fund ‘fair deal for Wales’

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Party says emergency support for households and high streets must be prioritised as pressure grows on Welsh economy

THE WELSH LIBERAL DEMOCRATS have outlined their priorities ahead of next week’s UK Budget, calling for what they describe as a “fairer settlement” for Wales funded through higher taxation on major banks, multinational tech firms, online gambling operators and oil and gas producers.

Westminster Spokesperson David Chadwick MP said the focus must be on delivering practical support for households and small businesses, warning that many Welsh communities continue to feel the effects of stubborn inflation, high energy costs and low investment.

Emergency package for households and hospitality

The Party is proposing a 17-month “Households and High Streets” package designed to cut energy bills and support local pubs, cafés and restaurants. Under the plan, an energy levy would be removed from bills and VAT for hospitality would be reduced, which the Lib Dems claim would put around £270 back into the pocket of a typical household.

Hospitality and tourism account for roughly 12% of Wales’ economy, and industry groups have warned throughout 2024–25 that rising costs and weaker demand have pushed many businesses close to the edge. The Welsh Liberal Democrats argue that a temporary VAT cut would provide immediate relief and protect jobs, particularly in rural and coastal areas where local pubs and cafés form part of the economic backbone.

The package would, the Party says, be paid for through a time-limited windfall tax on the big banks—a sector that has reported significant profits over the past two years as interest rates have remained high.

Support for rural Wales and energy investment

Other measures the Party is calling for include:

Scrapping the so-called Family Farms Tax, amid concerns that proposed UK-wide changes to Agricultural Property Relief could disproportionately impact Welsh family farms already facing volatility in the supply chain and sharply rising costs.
Investment in large-scale hydro and tidal power, including long-discussed projects such as the Swansea Bay Tidal Lagoon. Several governments have promised progress on tidal schemes over the last decade, but none have yet been delivered. The Lib Dems say a firm commitment could create skilled jobs and help secure Wales’ renewable energy future.
Reform of the Barnett Formula, devolution of the Crown Estate in Wales and delivery of long-promised HS2 consequentials—issues that have been the subject of cross-party debate for years, with the Senedd and Welsh Government maintaining that Wales has been underfunded relative to Scotland and Northern Ireland.
Fair access to pensions for around 4,000 Welsh miners in the British Coal Staff Superannuation Scheme (BCSSS).
Scrapping the two-child benefit cap, which anti-poverty organisations say has contributed to rising levels of child poverty in several parts of Wales.
Greater funding for social care, an area under severe pressure in all Welsh local authorities, including Pembrokeshire.

How the plans would be funded

To pay for the package, the Welsh Liberal Democrats want the Chancellor to:

• Reverse the Conservatives’ recent tax cuts for major banks.
• Increase the Digital Services Tax paid by large multinational tech corporations.
• Strengthen the windfall tax on excess oil and gas profits.
• Raise Remote Gaming Duty on the largest online gambling operators, whose profits have grown during the cost-of-living crisis.

Chadwick: “Time for the Government to show Wales matters”

David Chadwick MP said: “This Labour Government has presided over a series of decisions that have harmed Welsh communities. This Budget is an opportunity for them to change course and finally show that Wales matters.

“The Liberal Democrats have been clear and consistent in calling for those with the broadest shoulders to pay their fair share. The Chancellor should be taxing big banks, tech giants and oil companies fairly, instead of placing the burden on working people. That revenue must be used to support the communities that need it most.

“The Welsh Liberal Democrats will continue to ensure the voices of Welsh communities are heard in the halls of Westminster.”

 

Local Government

Security privately arranged by Mayor at Beating of the Bounds

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HAVERFORDWEST TOWN COUNCIL has confirmed that security personnel seen at this year’s Beating of the Bounds were privately arranged and paid for by the town’s Mayor.

The council issued a statement on Tuesday (June 16) following queries about the presence of security staff at the civic event.

It confirmed that the arrangements were made by the Mayor and Admiral of the Port, Councillor Randell Thomas-Turner, and were not commissioned by the council.

The statement said the decision was taken by the Mayor as a personal precaution in response to safety concerns connected with his role as a councillor.

NO SPECIFIC THREAT

The council stressed that the presence of security personnel should not be interpreted as an indication of any specific threat to the event, participants, or members of the public.

It added that the event “proceeded safely and successfully” and that there were no incidents of concern during the day.

The Beating of the Bounds is one of Haverfordwest’s oldest civic traditions, with the Mayor and Sheriff travelling to the White Stone, the historic boundary marker of the Port of Haverfordwest, to reaffirm the ancient boundaries and rights of the town.

Hundreds of people attended this year’s event, which included a flotilla, music, entertainment, stalls and family activities along the riverside.

COUNCIL CONDEMNS ABUSE

In its statement, the council said it remained committed to ensuring civic events were “welcoming, inclusive and family-friendly” occasions.

It said appropriate planning and risk management arrangements were undertaken for all public events so residents and visitors could attend with confidence.

The council added: “While the security arrangements were a personal matter for the Mayor, the council recognises the importance of supporting the wellbeing and safety of all elected members and staff.

“The council condemns all forms of abuse, intimidation and threatening behaviour directed towards those serving their communities.

“Respectful public discourse is fundamental to local democracy, but there is no place for conduct that seeks to harass, threaten or intimidate others.”

The council thanked everyone who attended and contributed to what it described as another successful Beating of the Bounds, celebrating Haverfordwest’s history, traditions and community spirit.

Image: Darth Marty Media

 

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Local Government

Major improvement works completed at Fleming Crescent

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NEW roofs, structural upgrades and solar panels have been installed across three residential blocks at Fleming Crescent as part of a major housing improvement scheme.

Pembrokeshire County Council said the project has delivered safer, warmer and more energy-efficient homes for residents, with the full replacement of roofs serving 54 flats.

The works also included structural improvements designed to support the long-term performance of the buildings, alongside the installation of solar panels to help improve energy efficiency, reduce carbon emissions and lower energy costs for tenants.

The council received a funding contribution from the Welsh Government through the Optimised Retrofit Programme, which supports energy-efficiency improvements alongside wider investment works.

The scheme was completed on schedule, with W B Griffiths & Son Ltd appointed as the main contractor.

Cabinet Member for Housing, Cllr Michelle Bateman said: “Delivering a project of this scale on schedule is a significant achievement.

“The new roofs and external upgrades will help reduce future maintenance issues and improve the long-term resilience of the buildings, while the solar panels form an important part of our wider decarbonisation programme.

“By working closely with W B Griffiths & Son Ltd, we have delivered high-quality improvements that will benefit tenants both now and in the future.

“Pembrokeshire County Council continues to invest in housing improvements across the county, ensuring homes remain safe, modern, energy efficient and fit for the future.”

The project has also received national recognition after being shortlisted for a Constructing Excellence in Wales Award.

Neil Griffiths, Managing Director of W B Griffiths & Son Ltd, said: “We are proud to have delivered this important project at Fleming Crescent to a high standard and within the agreed timescales.

“The combination of full roof replacement and solar panel installation will provide long-term value, improve the performance of the buildings and support better outcomes for residents.

“It has been a pleasure to work in partnership with Pembrokeshire County Council on this scheme.”

 

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News

Tenby lifeboat tows yacht to safety after skipper falls ill near Caldey

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A YACHT was towed back to Tenby after its skipper became unwell off Caldey Island.

Tenby’s all-weather lifeboat was requested to launch at 1:40pm on Monday (Jun 15), after the coastguard received a call from the occupants of a yacht reporting that the skipper had become ill around one mile south of Caldey Island.

The volunteer crew quickly made their way to the vessel, which had three people and a dog on board.

Once alongside, the lifeboat crew discovered that the skipper was suffering badly from seasickness and that the other two people on board were unable to sail the yacht themselves.

After a full assessment by the coxswain, it was decided that the safest course of action was to tow the yacht back to Tenby. The vessel was drifting with the tide towards Caldey Island and was also considered a potential navigational hazard to other boats.

Two lifeboat crew members were placed aboard the yacht to help set up the tow and to monitor the unwell skipper during the journey back.

After a tow of around an hour, the yacht was placed on the lifeboat mooring in the calmer waters of North Bay.

The lifeboat then returned to station, arriving back at 3:15pm.

 

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