Key projects supporting economic development across the UK are expected to be given the green light, ending uncertainty over their future following the UK’s decision to leave the EU.
Assurances set out by the Treasury include:
“While today’s announcement is a step in the right direction and provides some reassurance to businesses, organisations and communities currently in receipt of EU funding, it doesn’t go far enough. This guarantee only covers about half of the regional funding due to Wales and does not provide the long-term certainty needed – which was promised ahead of the referendum.,,,Interestingly the only other polticn in Wales who commented was Ukip Assembly group leader Neil Hamilton who said:
“For years Ukip has said we have nothing to fear from Brexit and a world of opportunity is waiting for us if we are brave enough to break free. This announcement comes in the same week that Tata steel declared a new, £7m investment in Wales, and surely shows it’s high time Carwyn Jones and his europhile colleagues apologised to the Welsh people for trying to scare them into voting Remain.“Thankfully, the Welsh people are much more canny than Labour thinks and most of us saw through Labour’s false predictions of doom and gloom. I am delighted that Welsh voters have been proven right so quickly.
“I have just visited the Airbus plant in Broughton – a terrific success story built on British engineering excellence.
“It proves we can punch above our weight in global markets and that leaving the EU’s flawed political union is no bar to future economic collaboration.”
Over the next five years of ths Assembly as we face the reality of the Brexit vite on the Welsh economy outlined by Plaid Cymru leader Leanne Wood call for bigger borrowing powers for Wales in wake of Brexit vote.
We might even see those Tories in Waled who supported REMAIN criticising aspects of the Brexit with regards the Welsh Economy and funding.
One Party in particular regardless of whose in Number Ten will be arguing that everything is OK even if it is clear we are going to hell in an handcart.