2011 0330 – THE CONSERVATIVES SHOULD STICK TO DESTROYING WALES’ ECONOMY
The Conservative party should stick to what it does best "which is destroying the economy" instead of criticising Labour, according to First Minister Carwyn Jones AM.
The economy has been declining under the Labour’s governance as these multiple BBC reports (below), However, that is all the Conservative's fault.
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.
Latest figures show gross domestic product (GDP) fell by 2% in 2008.
The European Union's Statistical Office said GDP in west Wales and the south Wales valleys in 2008 was 71% of the average of other European regions - 2% down on the previous year and the lowest in the UK.
[only] 15% believe assembly government renewal plan will improve the prospects of the Welsh economy.
According to the Welsh Affairs Select Committee during the late 1980s and much of the 1990s, Wales was successful in attracting inward investment, with the nation regularly gaining around 15% of the inward investment and associated jobs coming to the UK.
"However, in recent years, the environment for attracting investment has changed rapidly, and Wales has lost large portions of its foreign manufacturing employment and output," it said.
It said Wales had attracted 4.7% of all inward investment in the UK during the past 10 years.
According to HM Revenue & Customs figures, Wales had the largest decrease of the devolved countries and English regions.
The Welsh economy is the least competitive in the UK, according to new academic research.
Labour have presided over a clear and consistent decline of the Welsh economy, Wales’ position in the UK, EU and world is weaker now than it ever was under the conservatives.
Labour have done nothing for Wales – We must not reward failure with votes.