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Finance Secretary Called Out By The First Minister

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Friday, 16 January, 2026
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First Minister Eluned Morgan made an extraordinary statement this week on the Senedd Sources podcast, claiming that the Finance Secretary, Mark Drakeford, has never been interested in the economy and that they differ significantly in their political priorities.

 

Within just a matter of weeks until the elections in May, these remarks are likely to deal a blow to Welsh Labour’s confidence among voters. Public support for the party is already waning, with polls indicating a drop of around 30% compared with the last election.

 

Wales has faced ongoing economic challenges since the Covid pandemic, recording some of the highest unemployment rates in the UK alongside weak growth figures.

 

The First Minister went on to reinforce her striking comments by stating that she and Mark Drakeford have a fundamental difference in outlook and approach.

 Janet said:

 

“This is an extraordinary comment to make about your own Finance Secretary and former First Minister.

 

To suggest that Mark Drakeford has no real interest in the economy, while still placing him in charge of Wales’s finances, is deeply concerning.

 

This remark reinforces the perception that Welsh Labour has never treated the economy with the seriousness it deserves, something reflected in Wales’s current unemployment levels and weak economic growth.

 

What Wales needs is serious leadership on the economy, people with a genuine commitment to growing the economy, creating jobs, and reducing the financial burden that people are facing now.”

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