The Assembly Committee responsible for scrutinising the First Minister, Carwyn Jones, will meet to examine the Welsh Government’s approach to economic development.
First Minister Carwyn Jones AM will be appearing before the Committee for the Scrutiny of the First Minister from 10.00 until 12.00 on Friday, 14 July in the Management Centre at Bangor University.
For this meeting the Committee will be focusing on the Welsh Government’s approach to developing the economy in Wales.
The Committee will also discuss other topical issues with the First Minister and would welcome suggestions of issues of major importance in North Wales to raise. If you would like something to be discussed, you can suggest a topic in advance.
The economy in Wales – an overview
Ahead of the development of a new Economic Strategy for Wales later in the year, the Committee will be raising issues of key importance with the First Minister. The strategy is being developed at a point when the Welsh economy faces a number of challenges, some of which are shared with the rest of the UK and some of which are unique to Wales:
- Wales has the lowest Gross Value Added (GVA – a measure of economic output) per person. Wales has a lower Gross Value Added (GVA) per person when compared with the other devolved nations and regions of England.
- Many communities still struggle with the effects of deindustrialisation, and poverty and inequality are persistent challenges.
- The short and longer-term impacts of Brexit on the economy remain highly uncertain.
The Welsh Government has developed and published a range of high-level indicators to monitor the overall performance of the Welsh economy. The rationale behind this is to reflect the outcomes most important to the people of Wales, and to give a more comprehensive picture than a single indicator can provide.
The Welsh Government has made ‘prosperity for all’ a key priority in its Programme for Government 2016-2021. Two sections of this programme contain priorities which are critical to the success of the Welsh economy:
- Prosperous and secure – including commitments relating to business and enterprise, inward investment, employment, and the rural economy.
- United and connected – which includes measures to establish a National Infrastructure Commission, improve roads and public transport, improve digital connectivity, and promote a ‘fair’ society.