Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 2:02 pm on 5 October 2016.
Thank you. Referring to the Welsh economy, academics at Cardiff Business School reported two weeks ago that Welsh output or gross value added is most sensitive to changes in higher rate tax, any cut in which will always raise tax receipts and any rise will always, quote, ‘reduce tax revenue’. Given that Wales has had the lowest prosperity levels per head amongst the 12 UK nations and regions since 1998, how will you be working with the Cabinet Secretary for Finance and Local Government to ensure that devolved tax levers coming this way will drive economic prosperity levels in Wales and therefore maximise tax revenues to fund key public services?