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VIDEO: Closing Offa’s economic gap

19/07/2022

 

‘If achieving cultural self-confidence was the priority for the last century, then achieving economic self-confidence is the objective for the 21st Century’ - that was the message from Plaid’s leader today as she delivered her statement of ambition for the Welsh economy on a visit to Welsh company Sigma3 in Llantrisant.

Ms Wood also used her statement to announce the membership and remit of the party’s new Economic Commission along with the publication of its introductory report, Offa’s Gap, which provides an in-depth analysis of Wales’ current economic situation. 

Sigma 3 visit

The Commission, co-chaired by Adam Price and Eurfyl ap Gwilym, will include Alun Ffred Jones AM, Jonathan Edwards MP, Dafydd Wigley and former AM Janet Davies.  It has been charged with developing comprehend sive proposals to close the gap in average incomes between Wales and the UK, and the rest of the EU, within a generation.  

The leader of Plaid Cymru Leanne Wood said:

“Today, we’re making a clear statement of our intent – that Plaid Cymru, the Party of Wales, links its own success with the economic success of the Welsh nation.  If achieving cultural self-confidence was the priority for the last century, then achieving economic self-confidence is the objective for this. 

“That is why we set as our primary objective the task of closing the gap in average incomes between Wales and the UK and the EU within a generation.

“Headed by Harvard scholar Adam Price and economist Eurfyl ap Gwilym , our economy commission will draw together prominent figures from the business community and from within Plaid Cymru to realise Wales’ economic aspirations.  The commission has already produced an introductory report that we are publishing today in order to set out clearly the challenges our nation’s economy must overcome.

Download the Offa's gap report  [pdf]

Commenting on Offa’s Gap, the commission’s initial report into the Welsh economy, co-chair Adam Price said:

“Offa’s Gap, the commission’s initial report makes for very stark reading.  It is a sobering analysis of how Wales’ economy has suffered because of its status within the UK over the past decades.

“The first step in solving any problem is establishing its nature and its scale. Our commission’s initial report does exactly this; acknowledging the economic realities that Wales’ economy faces today. 

“With the launch of this report we are inviting everyone in Wales to participate in this essential process of discovering together the ideas and strategies that will offer our country a better economic future.  There can be no monopoly on good ideas in this regard.  Indeed only by pooling our intelligence can we hope to begin the task of charting a different course.”