Magazine article Public Finance

Welsh Economy Ranked Lowest as Campaign Centres on Jobs

Magazine article Public Finance

Welsh Economy Ranked Lowest as Campaign Centres on Jobs

Article excerpt

Wales is the least competitive area of the UK, research has shown, as the election campaign focused on the economy and job creation.

Wales came out badly in the 2010 UK Competitiveness Index, published on April 19 by the Centre for International Competiveness at the University of Wales Institute. Wales dropped to the bottom of the index, behind the Northeast of England.

The index, which looks at factors such as exports, employment rates and research and development expenditure, ranked four areas in South Wales as the least competitive in the UK.

A spokesman for the Welsh Assembly Government said the evidence supporting the index was 'incomplete at best'. He said other indicators, such as how much employment had increased compared with the UK as a whole, showed a more positive picture.

He added that the WAGs economic renewal programme would ensure that public spending had the right focus. …

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