4. Statement by the Minister for Economy and Transport: Preparing the economy in Wales for a 'no deal' Brexit

Part of the debate – in the Senedd at 3:18 pm on 1 October 2019.

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Photo of Ken Skates Ken Skates Labour 3:18, 1 October 2019

Diolch yn fawr iawn, Dirprwy Lywydd. Since the imminent risk of a catastrophic 'no deal' Brexit remains, the Welsh Government continues to prepare for all eventualities. As a responsible Government, we have stepped up to address both the real impacts of Brexit uncertainty already being felt and, of course, the challenges of a possible 'no deal' Brexit still to come.

We have already suffered the consequences of three years of uncertainty, which has translated into outcomes such as delayed investments and a steady reduction in inward investment—all an avoidable consequence of the tragic mishandling of Brexit.

Businesses that I speak to tell me about the crippling impact that uncertainty has on their operations. Rather than bringing clarity, a 'no deal' prolongs this uncertainty as we will have no basis from which to negotiate a new trade deal, and the EU are unlikely to be a willing negotiating partner as relationships with the UK Government reach a new low.

The decision to shut the Ford engine plant at Bridgend, with 1,700 job losses; the closure of Schaeffler in Llanelli, with more than 200 job losses; and the insolvency of the two construction companies—Dawnus, 700 jobs lost, and Jiscourt, 60 jobs lost—can all, at least in part, be attributed to the uncertainty generated by the Brexit negotiations, or lack of.

Our published 'no deal' action plan sets out a range of interventions and actions that support Wales's response, addressing impacts already being felt and those that we anticipate will be realised in the event of a 'no deal' Brexit. These measures encompass our contribution to actions needed to keep transport moving through our ports as well as the essential support and advice we are providing to businesses across Wales.