Part of the debate – in the Senedd at 4:53 pm on 7 December 2016.
Thank you, Deputy Presiding Officer. I think that my colleague Nick Ramsay also mentioned that the autumn statement sets out the firm funding foundations to invest in our roads and schools and hospitals to, of course, drive up growth and support the economy as well. Now, on digital infrastructure such as fibre broadband and fifth generation—this is one of my hobby-horses, I know—the autumn statement paves the way for homes and businesses to reap the benefits of greater connectivity and new technologies through a £400 million digital infrastructure fund and a further £740 million to trial superfast 5G mobile networks. Now, the Welsh Government always seems to be playing catch-up on this with regard to the Scottish Government and the UK Government. They seem to be behind all the time on this issue. The additional finances will go a long way to help in terms of the Welsh Government. The Scottish Government doesn’t have any extra powers to the Welsh Government in this regard, yet they’ve put a mobile action plan together and that commits them to collaboratively working together with the telecoms industry. The Welsh Government has not yet even got a similar plan even in its thinking. So, I do think that we need to be supportive, also, of our small and medium-sized businesses.
During the Assembly elections, Labour promised to wipe out business rates altogether. Now, I’ve got to say, that’s a great pledge—I fully support it—but it has not yet been delivered, of course. The powers have been devolved for business rates since 2013 and yet we continue to wait for a permanent system of support for Welsh SMEs. There’s also an additional £16 million over the next four years in resource funding that the Welsh Government can spend on business rates and public services. The power to set business rates, I think, is one of the most powerful levers that the Welsh Government has got to get the economy moving. We’ve heard numerous issues with regard to Monmouthshire and my own constituency with regard to businesses suffering there.
So, as I come to close, Deputy Presiding Officer, I would say there are plenty of opportunities available, but I don’t want them to remain opportunities—I want them to become opportunities and I hope that that will be the case for the Welsh economy in 2017.