Matthew Lynn Matthew Lynn

Mark Drakeford has declared war on Wales’s economy

Mark Drakeford (photo: Getty)

Infections are rising. Hospitals will be overwhelmed. And very soon the vulnerable will start to die. From today, the Welsh First Minister Mark Drakeford is closing down Wales with one of the strictest lockdowns in Europe, shuttering all but essential shops. For the next 17 days, hotels, pubs, restaurants and for a while, schools, will be closed as well. That is meant to fight Covid-19. And yet now the small print is emerging it is increasingly looking like something else is going on in Wales: a war against the economy and the free market.

It would be easy to imagine that the Welsh lockdown is very similar to the national one in April and May. In most ways it is. Just about everything has been closed down, expect for a few shops and services that are completely vital to keep everyone alive as they huddle down at home. But this week we learned the Welsh First Minister Mark Drakeford has decided to take it one step further.

Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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