Taffia Don: Welsh Nationalist Commentary


Wednesday, March 30, 2011
  2011 0330 – AFTER 12 YEARS OF LABOUR GOVERNANCE: THE WELSH ECONOMY IS LIMPING

The BBC has again reported on another damning failure of the Labours competence in managing its responsibility, this time the economy. The report highlights lots of potential for the Welsh economy, potential that Labour has failed to capitalise on for 12 years.


Key points (Click for full text)


The report forecast growth at an average of 1.6% per year over the next decade compared to 2.2% across the UK and said as Wales "fails to keep pace" its share of the UK economy will diminish from 3.5% in 2010 to 3.2% in 2025.


Other challenges include lower entrepreneurism and lower business start-up rates, fewer foreign-owned businesses and fewer businesses exporting than England.


Cheryl Gillan said the research "shows the scale of the problem we inherited and also the opportunities available as we set to rebalance the Welsh economy.

 
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