National Assembly for Wales

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To propose that the National Assembly for Wales: 

Believes that:

a) the Welsh Government’s Prosperity for All: Economic Action Plan will fail to make any tangible difference to economic prosperity in Wales;

b) Wales’s economic prosperity is also hindered by the UK Government’s misallocation of public spending on non-humanitarian overseas aid, green subsidies, national debt interest payments and vanity projects like HS2; and

c) whilst spending on the NHS and other public services could be increased substantially if diverted from these mistaken priorities, Wales’s relative poverty as a nation will be redressed only by a long-term economic policy based on lower taxes and more proportionate regulation of business activity.
 

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To propose that the National Assembly for Wales:

1) Recognises the challenges facing the Welsh economy over the coming decade including productivity, automation and decarbonisation.

2) Notes the recently published Economic Action Plan and the ambition to stimulate inclusive growth across Wales through a whole government approach to economic development.

3) Notes the proposal to develop a new economic contract and ensure public investment drives a social purpose by increasing the availability of fair work, reducing carbon emissions and supporting a competitive environment for Welsh business.

4) Notes the calls to action contained in the plan designed to encourage new ideas and new partnerships between industry, government, education, trade unions and partners that can stimulate inclusive economic growth.

5) Calls on the UK Government to ensure the UK industrial strategy supports investment across the all parts of the United Kingdom.

Prosperity for All - Economic Action Plan