One the one hand, the Chancellor says that the UK economy is in a robust state to withstand any worldwide economic slowdown, whilst on the other hand, the IMF has quite different views. I wonder who the market will listen to?
More importantly, will Wales be hit more than any other region? Some studies have suggested higher levels of debt in Wales than other parts of the UK, the house market is probably more overpriced (as indicated by the recent dramatic fall last month in prices, second only to the West Midlands) and we are already the poorest region in the UK.
It is going to be a nervous few months for businesses and individuals.
More importantly, will Wales be hit more than any other region? Some studies have suggested higher levels of debt in Wales than other parts of the UK, the house market is probably more overpriced (as indicated by the recent dramatic fall last month in prices, second only to the West Midlands) and we are already the poorest region in the UK.
It is going to be a nervous few months for businesses and individuals.
Comments
and mores the point do welsh politicians care, or even understand the problems business and households are facing or the connection between the two.
Economic Development they couldn't even spell it, never mind know what it is or how it can help Wales.
second point with the Welsh economy perfuming so poorly does this impact as badly on Wales as it does the whole of the UK?
It is an interesting question about whether the Welsh economy will perform worse or better than other regions.
Certainly, I would argue that with a bit of boldness and vision (and proper use of the hundreds of millions of additional european money), there is probably an unique opportunity to gain a real competitive advantage over other regions.
It all depends on whether the government has the balls to do things differently to what they have done for the last eight years when they have presided over a decline in prosperity.
As the great economists Fun Boy Three and Bananarama used to say, it ain't what you do, it's the way that you do it.
Thanks Again
Rachel