“We will use the structural fund money that comes back to the UK following Brexit to create a United Kingdom Shared Prosperity Fund, specifically designed to reduce inequalities between communities across our four nations. The money that is spent will help deliver sustainable, inclusive growth based on our modern industrial strategy.Wales Online reports Cardiff University’s Professor Kevin Morgan – one of Wales’ leading experts on regeneration and an adviser to the European Commission on regional policy – said Wales had the greatest level of need in the UK. as saying
“We will consult widely on the design of the fund, including with the devolved administrations, local authorities, businesses and public bodies. The UK Shared Prosperity Fund will be cheap to administer, low in bureaucracy and targeted where it is needed most.”
“I really think it would be a really regressive step, a real step backwards, if central government saw the prosperity fund as [a fund] where poor areas simply bid into it willy-nilly on a one-off ad hoc basis...He also pointed out that it is important where the decision will be made
“When you treat unequals equally that’s not a recipe for territorial justice...
“If the prosperity fund is treating unequal regions equally then it’s not a recipe for sustaining the union let alone rebalancing the economy. It would be a step backwards if the prosperity fund was simply a new bidding system and it didn’t recognise the structural inequalities that exist today, which is what the European Commission recognised.”
With economic development being a devolved matter, I personally believe that that money that’s coming to Wales ought to be devolved to the [Welsh Government]...“It was an explicit promise from the Leave campaign that Wales would not be worse off as a result of Brexit, the implication being that London would underwrite the money that’s currently flowing from Brussels.”Its about this time we listened to the Proclaimers ,
: “Whatever’s wrong with the European Commission, and there’s lots wrong with it, at least in its very DNA it’s got a commitment to regional policy... Whereas you can’t say the same of Conservative Governments in Whitehall.”
The Tories hope to control funding for Wales not only through how much is allocated , but how it is spent.
The former leader f the Quebec Party Option National Jean-Martin Aussant . puts it this way
: Imagine you have $50 to buy music you like. Your neighbour takes the $50, and promises to give you back $55 worth of tunes."What he doesn't tell you is that it's music you don't like -- and there are $25 in administrative fees," "So you started off with $50 and you ended up with $30 worth of music you don't even like."That's Canadian equalization. We need to face the facts: We'd be better off keeping our money and choosing our own music."This is true of Wales and Scotland as well
That means that this may result in infrastructure projects being built , that could be as I have already argued see Wales divided into two and absorbed into England
Projects like reopening the Carmarthen- Aberystwyth line, will be declared superfluous to our needs and although it will never be admitted of little benefit to the regions around Liverpool or Bristol.
We need decide what we want for Wales .
If you really believe bring absorbed by English regions will benefit , then vote Tory or Labour (because it is Labour councillors in the likes of Cardiff backing tying South Wales to Bristol)
However if you believe its time Wales grew up and stopped going Cap in Hand
then it time to consider Independence as an option.