5. Statement by the Cabinet Secretary for Economy and Transport: The Recent Airbus Group Announcement

Part of the debate – in the Senedd at 3:32 pm on 26 June 2018.

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Photo of Russell George Russell George Conservative 3:32, 26 June 2018

I think it is clearly concerning when any major employer issues a warning that they may withdraw from Wales. It's also important that we all aim to ensure that this, of course, doesn't occur. The Cabinet Secretary has made various comments in his statement, and I would say that I think the UK Government on countless occasions has restated its commitment to getting the best possible deal for the UK and the Welsh economy. And I firmly believe that we will remain plugged into the wider European economy, but also be able to seize on those opportunities for trade with the rest of the world.

In order to provide reassurance, Cabinet Secretary, to Airbus workers, and the wider supply chain, would you, Cabinet Secretary, be able to provide an update on the outcome from the First Minister's talks with UK Ministers in a recent meeting of the British-Irish Council? I think that would be helpful. Clarity over Brexit is clearly important for businesses in planning for the future—I for one completely understand that—but there are clearly devolved levers here at the Welsh Government's disposal to encourage inward investment and retain major employers here in Wales. So, can I turn to this? What specific measures are you implementing to create the right economic conditions to ensure that companies such as Airbus remain in Wales? For example, regardless of Brexit, I do have concerns that Wales has failed to capture the opportunities of world growth over the past 20 years, and has failed to diversify into the export market. What intention do you have, Cabinet Secretary, to ensure that Wales seizes on those opportunities to access non-EU markets, and what are you doing to raise the commercial presence of both advanced and developing economies in particular? 

I've looked again at the Welsh Government's 'Prosperity for All' action plan and I can't see any mention of the Welsh Government's plans to attract and retain foreign direct investment into Wales. So, I would be grateful if you could outline the Welsh Government's approach to this. You've also previously mentioned, Cabinet Secretary, that the Welsh Government will focus on the high-value manufacturing sector as one of its new priority sectors. So, can I ask: why does the Welsh Government's budget fail to allocate additional funding to this sector, and doesn't this undermine, of course, the Welsh Government's commitment to ensuring that the Welsh economy develops an advanced manufacturing capacity to deter companies like Airbus from investing in Wales? My point here, Deputy Presiding Officer, is that, beyond Brexit, which I acknowledge we need to get absolutely right, of course, there are devolved levers here at the Welsh Government's disposal, which can and should be used to ensure that companies such as Airbus are encouraged to remain and indeed expand their operations here in Wales.