'Don't stop our policies'
THE long-term approach to economic growth must not be abandoned following wealth figures which suggest West Wales is poorer than some Eastern European countries, Plaid has argued.
The declining GDP relative to the European average comes despite billions of pounds being pumped into the region which includes Swansea, Neath Port Talbot and Carmarthenshire.
Plaid's economic spokesman Alun Ffred Jones said it showed the importance of Government action to tackle deep-seated weaknesses in Wales's economy.
He said: "The Economic Renewal Programme, introduced by Plaid Cymru in government, moved away from the historic grant-dependent culture to a more sustainable, long-term approach to economic development. It is vital that this approach is not now abandoned in favour of short- term measures by the current Labour government."
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A Welsh Government spokesman said GDP per head in the region had broadly kept pace with the UK as a whole.
Comments
by weslangdon
Thursday, March 15 2012, 1:22PM
“The planet can't maintain high levels of economic growth, modern capitalism is too destructive. Any and all economic growth ought to be sustainable, particularly so on our own overcrowded little island.”
by Gowercitizen
Thursday, March 15 2012, 1:16PM
“The problem is that most of the billions received from the EU to improve the economy has been swallowed up by public sector organisations to keep themselves in employment, to run projects that have a very tenuous, or no, link to economic development and wealth creation.”