UK Government cutting Wales out of ‘vital investment needed to create jobs’ says Economy Minister
The Economy Minister has accused the UK Government of denying Wales “the vital investment needed to create jobs” by not including the Welsh Government in decisions about how replacement funds for EU support are spent.
Vaughan Gething accused the UK Government of being “missing in action” and that the Welsh Government “remain in the dark about funding for Wales”.
He was speaking at the launch of the Welsh Government’s plan to give more young people reasons to stay in Wales. A plan was required to reduce the decline in the working-age population, he said.
Mr Gething said: “We remain in the dark about funding for Wales, and what we will receive from a UK Government that has so far been missing in action.
“The upcoming Spending Review is the perfect opportunity for the UK Government to demonstrate its ambition for Wales. So, I call on the Chancellor and on Michael Gove to ensure that Wales will make decisions about how our EU replacement funds are spent.”
On the subject of stopping the ‘Brain Drain’ out of Wales, he said that “if more people positively choose to come to work in Wales we can address the risks that come with the decline in our working-age population. This is a long term challenge that we cannot put off.”
“My ambition is to make Wales a place where young people feel hopeful and excited about planning their future,” he added.
“We will develop a coherent and compelling offer and explore further graduate retention opportunities, building strong linkages with universities and businesses.
“I am also keen to support start-ups and to encourage the growth of more firms with more jobs that are grounded in Wales.”
Yesterday Vaughn Gathing had announced a plan to ensure that young people didn’t have to “get out to get on” in a promise to prioritise their economic futures and tackle the country’s brain drain.
The proportion of the population aged 16 to 64 years old in Wales has been decreasing year-on-year since mid-2008 – and could be just 58% of the population by 2043, he will say.
In response, Vaughan Gething will say that his approach will be geared towards creating an economy where more young people feel confident about planning their future in Wales, thus supporting job creation and more dynamic local economies.
“My ambition is to make Wales a place where more young people feel confident in planning their future here,” he will say.
“You don’t have to get out to get on, make your future here in Wales.”
The Economy Minister will also said that the Welsh Government will pursue a “progressive” economic policy that focusses on better jobs, narrowing the skills divide and tackling poverty.
“The Welsh Government is taking bold action to build a stronger, fairer, greener Welsh economy,” Vaughan Gething said. “It has taken a Team Wales effort to keep Wales safe and we will deliver a Team Wales Recovery, built by all of us.
“A strong Welsh recovery will be based on the principles of fair work and sustainability as we invest in the industries and services of the future.
“As we face the headwinds of Brexit, I am determined that our credible plans will offer as much certainty as possible to help businesses plan ahead.
“A new era of partnership for stronger regions, a young person’s guarantee, a plan to back our everyday economy and collaboration with world-leading, advanced manufacturing. This is the cause for optimism for the future we are building in Wales.”