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Content about Economy of Wales

March 15, 2013
First Minister reshuffles cabinet

The Welsh Government announced several changes to the cabinet yesterday afternoon via its Twitter account.

THE WELSH Government’s reformed cabinet will start work on new portfolios today after First Minister Carwyn Jones reshuffled his team yesterday afternoon.

The Welsh Government used Twitter to break the news the reform was underway yesterday, in what was the first time a Welsh reshuffle has been announced live on the social networking site.

Among several changes in the cabinet, Lesley Griffiths was replaced as health minister by Cardiff West AM Mark Drakeford.

March 13, 2012
£100m to boost life sciences in Wales

The Welsh Government will invest £100 million in the underperforming life science industry in Wales.

The Welsh Government will invest £100 million in the under-performing life science industry in Wales.

The watershed announcement, which committed £25 million of investment this year, was made at the beginning of the Welsh Government’s two-day BioWales conference in the Millennium Centre. 

Experts have hailed it as a landmark week for science investment in the country.

March 9, 2012
Hutt: 2012 to be toughest year for Welsh economy

Wales's finance minister Jane Hutt has today said Wales must fight its corner to avoid being sidelined by the UK government.

Wales must fight its corner to avoid being sidelined by the UK government, said Welsh finance minister Jane Hutt today.

February 21, 2012
Report highlights decline in Wales's ability to attract investment

A new report has highlighted the decline in Wales's ability to attract investment. 

Cardiff is bucking the Welsh trend for poor inward investment after American firm Conduit announced plans to create 600 new jobs in the area.

This follows the publication of the Welsh Affairs Committee’s report on inward investment in Wales, which highlighted the steady decline in Wales ability to attract inward investment. In the early 90’s, Wales accounted for 15% of all investment in the UK, but by 2010 this had dropped to just 6%.

February 21, 2012
Welsh Development Agency needs to be reformed

A  new Welsh Development Agency should be established to help improve Wales’s economy, a Select Committee report has recommended.

A new Welsh Development Agency should be established to help improve Wales’s economy, a Select Committee report has recommended.

The previous agency was scrapped five years ago, but this move was criticised by the Welsh Affairs Committee who said the closure of the WDA has reduced the visibility of Wales in the global market. 

March 22, 2011
Fears over tax hike on alcohol in Cardiff

The prospect of a rise in tax on alcohol has split Cardiff, with the city's landlords despairing at the potential rise in prices while health groups claim it will benefit the population.

The prospect of a rise in tax on alcohol has split Cardiff, with the city's landlords despairing at the potential rise in prices while health groups claim it will benefit the population.


Recent reports have indicated the duty could rise two per cent above the rate of inflation when the Chancellor announces the Budget tomorrow. This could add 10p to the price of a pint of beer.

March 1, 2011
Devolution failed Welsh Economy says CBI Wales

Devolution has failed to save Wales's struggling economy, according to one of the country's top business figures.

Devolution has failed to save Wales's struggling economy, according to one of the country's top business figures.

In an interview with the The Cardiffian, David Rosser, director of the Confederation of British Industry Wales, said poor economic performance was probably the greatest disappointment of devolved government so far.

His comments come just two days before voters decide on whether to shift more power from Westminster to the Assembly.