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Mark Drakeford has officially stepped down as Wales’s first minister.

Mr Drakeford will offer his resignation to the King this evening.

It is expected his resignation will be formally accepted on Wednesday morning, before the new first minister is confirmed.

The 69-year-old has been in the role since December 2018 and is expected to remain a member of the Senedd until the next election in 2026.

He took part in his final First Minister’s Questions (FMQs) on Tuesday afternoon and received a standing ovation from members across the political divide.

“The advice to any performer is always to leave them wanting more,” he said.

“After this afternoon, everybody will be looking forward to hear quite a bit less from me, I’m sure of that.”

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Mark Drakeford during his last FMQs as first minister. Pic: Welsh government
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Drakeford during his final FMQs as first minister. Pic: Welsh government

Mr Drakeford said when he was elected it was “certainly impossible to predict the state of perma-crisis which we were about to enter”.

“I’m looking forward to continue to play my part from the back benches, to supporting the new first minister and the Welsh government,” he added.

Overcome with emotion, he thanked those with whom he worked, including civil servants and members of the Senedd.

“The last 12 months have been the hardest and the saddest of my life,” he said.

“People will not see beyond the chamber those small acts of kindness that happen every day, from people in every part of this chamber that help someone to get through those very, very difficult times.”

His wife, Clare Drakeford, died in January last year.

Mark Drakeford prepares for his final FMQs. Pic: Welsh government
Image:
Mark Drakeford prepares for FMQs. Pic: Welsh government

Leader of the Welsh Conservatives Andrew RT Davies thanked Mr Drakeford for his leadership, which he said “benefited this country in coming through some of its darkest hours”.

“Thank you on behalf of the Welsh Conservatives for what you’ve done, both for me personally, but also for the country of Wales and for this institution and parliament,” he said.

“At a time of political challenges and the deepest personal adversity, Mark [Drakeford] brought thoughtfulness and good grace to public life at a time when such qualities were needed the most,” Plaid Cymru leader Rhun ap Iorwerth added.

Vaughan Gething was elected the new leader of Welsh Labour on Saturday.

Mr Gething is expected to be confirmed in the role as Labour has 30 of the Senedd’s 60 seats.

Read more:
Who is new Welsh Labour leader Vaughan Gething?
What problems are facing Wales’s next first minister?
A look back at Mark Drakeford’s career

But Plaid Cymru, which is part of a co-operation agreement with Labour, has confirmed it will nominate its own leader for the position of first minister.

A party spokesperson told Sky News: “Plaid Cymru will nominate Rhun ap Iorwerth in the vote to elect a new first minister of Wales tomorrow.

“The math dictates that Vaughan Gething will secure a majority vote, but in the current political climate, questions about judgement and transparency requires alternative candidates to be considered.”

If approved as first minister by the Senedd, as expected, Mr Gething will become the first black leader of any European nation.

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings.

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East makes it even more so.

Expectations had already been low, with the Canadian hosts cautioning against the normal joint communique at the end of the summit, mindful that this group of leaders would struggle to find consensus.

Canadian Prime Minister Mark Carney carefully laid down an agenda that was uncontroversial in a bid to avoid any blow-ups between President Trump and allies, who of late have been divided like never before – be it over tariffs and trade, Russia and Ukraine, or, more recently Israel’s conduct in Gaza.

But discussions around critical minerals and global supply chains will undoubtedly drop down the agenda as leaders convene at a precarious moment. Keir Starmer, on his way over to Canada for a bi-lateral meeting in Ottawa with PM Carney before travelling onto the G7 summit in Kananaskis, underscored the gravity of the situation as he again spoke of de-escalation, while also confirmed that the UK was deploying more British fighter jets to the region amid threats from Tehran that it will attack UK bases if London helps defend Israel against airstrikes.

Canadian Prime Minister Mark Carney is greeted by President Donald Trump as he arrives at the West Wing of the White House, Tuesday, May 6, 2025, in Washington. (AP Photo/Mark Schiefelbein)
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Canadian PM Mark Carney is greeted by President Donald Trump at the White House in May. Pic: AP

Really this is a G7 agenda scrambled as world leaders scramble to de-escalate the worst fighting between Tel Aviv and Tehran in decades. President Trump has for months been urging Israel not to strike Iran as he worked towards a diplomatic deal to halt uranium enrichment. Further talks had been due on Sunday – but are now not expected to go ahead.

All eyes will be on Trump in the coming days, to see if the US – Israel’s closest ally – will call on Israel to rein in its assault. The US has so far not participated in any joint attacks with Tel Aviv, but is moving warships and other military assets to the Middle East.

Sir Keir, who has managed to strike the first trade deal with Trump, will want to leverage his “good relationship” with the US leader at the G7 to press for de-escalation in the Middle East, while he also hopes to use the summit to further discuss the further the interests of Ukraine with Trump and raise again the prospects of Russian sanctions.

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“We’ve got President Zelenskyy coming so that provides a good opportunity for us to discuss again as a group,” the PM told me on the flight over to Canada. “My long-standing view is, we need to get Russia to the table for an unconditional ceasefire. That’s not been really straightforward. But we do need to be clear about what we need to get to the table and that if that doesn’t happen, sanctions will undoubtedly be part of the discussion at the G7.”

Prime Minister Sir Keir Starmer (right) is greeted by Prime Minister of Canada Mark Carney as he arrives at Rideau Cottage in Ottawa
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Prime Minister Sir Keir Starmer (R) is greeted by Mark Carney as he arrives in Ottawa ahead of the G7

But that the leaders are not planning for a joint communique – a document outlining what the leaders have agreed – tells you a lot. When they last gathered with Trump in Canada for the G7 back in 2018, the US president rather spectacularly fell out with Justin Trudeau when the former Canadian president threatened to retaliate against US tariffs and refused to sign the G7 agreement.

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Since then, Trump has spoken of his desire to turn Canada into the 51st state of the US, a suggestion that helped catapult the Liberal Party beyond their Conservative rivals and back into power in the recent Canadian elections, as Mark Carney stood on a ticket of confronting Trump’s aggression.

With so much disagreement between the US and allies, it is hard to see where progress might be made over the next couple of days. But what these leaders will agree on is the need to take down the temperature in the Middle East and for all the unpredictability around these relationships, what is certain is a sense of urgency around Iran and Israel that could find these increasingly disparate allies on common ground.

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

Bitcoin must upgrade or fall victim to quantum computing in 5 years

Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency.

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