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Lack of growth means lack of jobs

17/08/2022

Dissapointment at new Welsh unemployment figures

In response to disappointing unemployment figures for Wales, announced today, Plaid Cymru treasury spokesperson, Jonathan Edwards MP has criticised both UK and Welsh Governments for their failure to take economic growth in Wales seriously.

Plaid have called for the UK Government to give Wales the power to lower corporation tax and a fair needs-based funding formula, while criticising the Labour run Welsh Government for their continued failure to produce a jobs plan for Wales.

Plaid’s Build for Wales programme, launched prior to the election in May, would generate up to 50,000 jobs and perform vital work to improve Welsh schools, hospitals and transport.

Mr Edwards said:

“Today’s unemployment figures, showing 10,000 more people out of work in the last three months, are disappointing.

“The truth is that the Westminster government’s economic policies are failing badly and none of the London-based parties are showing any imagination when it comes to growing the Welsh economy.

“Last week saw George Osbourne’s UK-wide growth figures downgraded by the Bank of England to nearly half the figure he inherited last year, while Labour have offered no serious alternative or defence to the Con-Dem cuts.

“Wales needs to be able to control its own economic destiny through control over vital economic levers such as lowering corporation tax in Wales and a fair funding formula, based on need, not Labour’s outdated Barnett Formula.

“These must be delivered quickly by the Calman-style Commission so that we can make effective use of them to help the people of Wales.”

Plaid Cymru leader, Ieuan Wyn Jones AM, added:

“In addition to the need for a serious change in the failing economic policies we’ve seen from the UK government, the Labour government here in Wales needs to step up to the plate and play their part.

“The gloomy economic outlook at UK level means that it is more important than ever to create jobs in Wales.

“During the Assembly election, we set out Plaid’s Build for Wales plan would create up to 50,000 jobs and ensure investment in our schools, hospitals and transport to make up for the cuts.

“Labour promised to take our ideas on board, but the last few months of inaction indicates that they remain dangerously complacent.

“Plaid have outlined bold and realistic proposals to aid Wales' economic recovery. Labour should be working in Government this summer to do all they can to assist job creation.”

 

http://www.statistics.gov.uk/pdfdir/lmsuk0811.pdf 

Page 42 of the Office for National Statistics’ Labour Bulletin for August 2011 shows the quarterly changes between Q1 and Q2 for countries and regions. Unemployment in Wales has risen by approx. 10,000 people, an increase of 0.7%.