6. Statement by the Minister for Economy: Wales and Europe — Managing a new relationship

Part of the debate – in the Senedd at 5:11 pm on 1 February 2022.

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Photo of Vaughan Gething Vaughan Gething Labour 5:11, 1 February 2022

Well, you may have seen that the Financial Times today, again—not noted for being common travellers with the Labour Party—have done their own investigation into what's been happening with replacement European Union funds. There was a very clear pledge in the 2019 Conservative manifesto—I think it was page 44—that the nations of the UK would have at least as much in replacement funds as when we were part of the European Union. That promise has been broken, has been broken in plain sight, and you're right that the overall total, when taking into account the loss of farm and agricultural income as well, is about £1 billion over the next few years.

It's bad news for Wales. It's also bad news for the UK, because regions in England, Scotland and Northern Ireland that were previously reliant on this money are also going to lose out significantly. Bad news for jobs, bad news for skills, bad news for research and development, and the worst part of this is, there is not a whimper of protest from a single Welsh Conservative in the Senedd about £1 billion being hijacked from Wales. It is a disgrace that this has happened—a plain broken promise, and worse than useless from the Welsh Conservatives who still demand that we accept, not just accept but cheerlead, having that money sucked out of Wales. I think the only way to get something done properly is for either the UK Tory Government to accept that they have to one another promise and they have to work properly and directly with the Welsh Government to ensure that those funding promises are met, and if that doesn't happen, then I think it's very plain that what we need is a new United Kingdom Government, and I look forward to the next election campaign to make sure that does happen.