4. 3. Statement: ‘Prosperity for All: The National Strategy’

Part of the debate – in the Senedd at 3:37 pm on 19 September 2017.

Alert me about debates like this

Photo of Russell George Russell George Conservative 3:37, 19 September 2017

Like Adam Price, I also did some speed reading—I managed to read the document during one of the questions in First Minister’s questions earlier. And there were points in the document that I was pleased to see there. But I am disappointed that, today, we haven’t seen a comprehensive economic strategy. Like other Members across this Chamber, of all parties, that’s what I was expecting. But can I ask why there has been a delay in receiving this document? In July, you committed that we would see the document before the end of term. And can I ask you to provide a specific date of when we will see the specific actions for ‘prosperous and secure’ and the economic strategy? And when we do see that document, will that be a comprehensive document?

In the preparation of this strategy, can I ask how has the Welsh Government ensured that its economic policies complement the UK Government’s industrial strategy? You’ll also be aware that the industrial strategy puts great emphasis on addressing the regional disparity in the economic prosperity and skills shortages that exist across the UK. Now, I very much welcome in the document today—I note that you intend to target intervention to the economic needs of each region. That’s something I very much welcome, and I also welcome the reference that you will focus on each region’s strengths—that’s to be welcomed as well. So, how will the Government’s strategy specifically address these issues, to drive increases in productivity in north and mid Wales in particular? And can I ask in that regard what consideration the Government has given to developing an economic strategy for mid Wales in particular, and a mid Wales growth deal?

Also, there appears to be less of a focus on encouraging inward investment in this strategy. Will you, First Minister, confirm that your Government is moving away from inward investment as a key pillar of the Welsh Government’s approach to developing the economy of Wales? And if so, how will the strategy ensure that Wales takes advantage of the investment and export opportunities that will arise as a result of Brexit, in boosting trade links with other partners from all over the world?