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Tories must not be allowed to condemn Wales to economic scrap heap

07/11/2021

Plaid Cymru pushes for economic stimulus for Welsh economy

The Tories and Lib Dems must not be allowed to condemn communities across Wales to the economic scrap heap. That was the message from Plaid Cymru Economy Spokesperson, Alun Ffred Jones AM, as he hit out at the ConDem UK government for failing to offer a stimulus package to help the Welsh Economy.

UK Ministers had apparently accepted the case for a substantial stimulus package back in September when speculation emerged that an announcement was imminent.

Plaid Cymru’s Economy Spokesperson, Alun Ffred Jones AM, said:

“The Tories and Lib Dem government must not be allowed to condemn the communities of Wales to the economic scrap heap. The consequence of the last Tory government for Wales was a generation of deprivation and as things stand, it looks like history will repeat itself.

“Plaid Cymru wants to see a stimulus for the Welsh economy. Back in September, it looked like there would be a £5bn stimulus package which could have led to a consequential of around £250m for Wales. If Wales is to get through this deepening economic crisis then capital investment is needed as a matter of urgency in order to create jobs and stimulate the wider economy.

“A stimulus for Wales of £250m could make a huge difference. It could be used by the Welsh government to fund investment such as: setting up the Build4Wales company which could create up to 50,000 jobs; refitting and upgrading Welsh ports in order make them focal points of economic green growth; setting up programmes to train and employ people to eco-fit homes which would also drive energy costs down. Investments like these would not only create jobs and stimulate the economy in the short term but would also work to creating a sustainable future for the Welsh economy in the long term.

“The Tory and Lib Dem government cannot be allowed to ignore its responsibilities to Wales. They have a duty to take action to enable the Welsh economy to recover with so many economic levers still in their hands. The communities of Wales need investment from both the UK and Welsh governments now if we are to recover from this economic crisis. The Government cannot shirk their responsibilities by waiting for the outcome of the Silk Commission.”