Part of 1. 1. Questions to the First Minister – in the Senedd at 2:03 pm on 10 October 2017.
One of the key conclusions of the FSB report is that Welsh Government economic policy has relied too heavily on attracting foreign direct investment. That’s not just true of this Government; it’s true of Welsh economic policy going back 50 years to when Cledwyn Hughes produced ‘Wales: The Way Ahead’ in 1967. It hasn’t worked. At best, it’s been a short-term sticking plaster; at worst, it’s sold the Welsh people the fallacious myth that the salvation to our economic woes would come from outside. Will we at last see a sea change in the new economic strategy, so that we can concentrate not on selling Wales as a location for the world to produce, but invest in our own capacity to produce our own innovations, our own skills and our own enterprise?