Mr Jones: Indeed, it is working in Wales and in Redditch.There are clear signs that the economy is turning the corner.I am sure that all Members were pleased with yesterday’s forecast by the International Monetary Fund, which revised UK growth for next year up from 1.5% to 1.9%.
Last week, in an interview with Adrian Masters of ITV Cymru Wales, the Prime Minister refused to commit to a response from the UK Government to part 1 of the Silk commission before next year’s Scottish referendum.
Why are the Secretary of State and the Prime Minister holding back the Welsh economy?
Mr Jones: As I have just said, the Welsh economy is growing. Gentleman knows, we recently held a consultation on the devolution of stamp duty land tax. Friend encourage the Welsh Government to follow the English model as closely as possible?
The current recovery is made in the south-east for the south-east. Friend agree that our excellent national economic policies are being held back by the Welsh Assembly’s inward investment policies, which have led to a fall in inward investment in Wales?
In Wales, there is no housing bubble, long-term unemployment is dire, as is under-employment, and personal debt is high. His Government should be supporting the Labour Welsh Government, not hindering them with budget cuts the whole time. Gentleman, who was a member of the Government who presided over the economic crash in 2008, to criticise this Government for the steps that we are taking to turn the economy around. Wales has gone from being one of the top creators of inward investment to one of the lowest as a result of those policies.
Wales, as much as every other part of the country, is benefiting from the measures that we have taken. Mr Jones: There were modest improvements recently, but it is the case that the Welsh Assembly Government should give serious consideration to reinstating a body like the Welsh Development Agency, which was so successful.There are 67,000 more people in work than at the time of the last election. Jonathan Edwards (Carmarthen East and Dinefwr) (PC): Wales urgently needs job creation levers to boost our economy, as the Council for Economic Renewal said today. : Column 141 : Column 141 Ordered, That Mr John Randall be discharged from the Committee of Selection and Greg Hands be a member of the Committee until the end of the current Session.—(Gavin Barwell.) 1.Karen Lumley (Redditch) (Con): What recent assessment he has made of the effects of the Government’s economic policies on Wales. The Secretary of State for Wales (Mr David Jones): Our economic strategy is designed to equip Wales and the United Kingdom with the tools they need to succeed in the global race, and to secure a stronger economy and a fairer society.Karen Lumley: With the deficit down by a third and employment at record levels, does the Secretary of State agree that it is time for the Labour party to admit that our economic policy is working, not only in Redditch, but in Wales?