Politics

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Companies from Northern Powerhouse in Wales to explore investment opportunities

The two day fact finding visit (31 January to 1 February) follows a series of meetings between the Welsh Government and Northern Powerhouse companies that are interested in developing facilitates in Wales and working with Wales based supply chain companies.

This first visit forms part of a strategic programme of events being developed by the Welsh Government over the next 24 months to build close business links with Northern Powerhouse companies and support cross border collaboration and co-operation, particularly between North Wales and the Northern Powerhouse.

Economy Secretary Ken Skates said:

“North Wales and North West England have strong historical ties and we need to build on these to develop closer economic links  and work together for the  benefit of both regions. The number of very large infrastructure projects that are in the pipeline for Wales have opened up significant inward investment opportunities in North and South Wales and I am pleased we are proactively engaging with businesses to explore and maximise these opportunities.”

Multi-million pound projects include the Wylfa Newydd project on Anglesey, the potential for the development of  Small Modular Reactors (SMRs) in Trawsfynydd within the Snowdonia Enterprise Zone and Swansea Bay Tidal Lagoon.

This first visit has a key focus on the £1.3bn Swansea Tidal Lagoon project that was recently backed by a government-commissioned review by Charles Hendry. The companies visiting Swansea have expressed an interest in setting up a facility in Wales should this project get approval, with a number also interested in collaborating with Welsh supply chain companies.

Opportunities in the nuclear sector and other large infrastructure projects will also be highlighted as well as the business support offered by the WG and local authorities to assist with inward investment. 

The companies will meet and network with representatives from Welsh Government, Tidal Lagoon Power, The Association of British Ports, Swansea Bay City Region, Neath Port Talbot and Swansea Councils. 

The two year programme being drawn up by the Welsh Government will include a mixture of hospitality events, round table discussions, sector focus events and one to one meetings. The aim is twofold – to get a better understanding of the business objectives of key companies and to highlight the opportunities for collaboration and inward investment into Wales across a variety of sectors.

It builds on the cross border North Wales Summit held last year to discuss maximising economic opportunities between the regions.

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It’s time for serious politics – not the SNP’s game-playing

By Kezia Dugdale, Scottish Labour leader

WITH the Tories’ Brexit Bill now published, Britain has moved even closer to the European exit door.

Every move by Theresa May, as she embraces the horror of a hard Brexit and the economic hardship that will cause, is a reminder of how reckless the Tories are in government.

Now, more than ever, we need political leaders who are ready to work in the national interest.

Theresa May has no such interest and is only concerned with keeping the hard right MPs in her party happy. Her claim that the Union is ‘precious’ to her is simply just empty talk.

And the divisions the Conservatives are causing create a political climate the SNP thrives upon.

Nicola Sturgeon is little better than Theresa May – she also refuses to put the national interest ahead of party interest.

It is time for her to stop playing political games.

One minute she says an independence referendum is ‘highly likely’, next she says it’s off the table, then she says she’s not ‘bluffing’ about holding another contest, then she ruled out a vote this year, and now she is threatening a referendum once again.

It is not just inconsistent and it is not just embarrassing – it is downright dangerous.

Last week’s Supreme Court ruling made it clear that the triggering of Article 50 is a decision for the UK Parliament.

It was, of course, a UK-wide referendum.

That is not to say the Scottish Parliament’s voice should be ignored, and indeed it will not be ignored.

So there will be a debate in Holyrood, and we will make clear that we oppose both the SNP’s separatism and the Tories’ separatism.

Let’s be clear what any Holyrood vote is not: it is not a vote in favour of a second independence referendum.

There are absolutely no circumstances in which Scottish Labour will support another referendum.

As Jeremy Corbyn said when he was in Glasgow earlier this month, Scottish independence would lead to ‘turbo-charged austerity’.

That fact infuriated Nicola Sturgeon, as she prefers to deal in what Donald Trump would call ‘alternative facts’.

The reality is there is a £15billion difference between what Scotland raises in tax and what we spend on public services. That’s a black hole that would cause further austerity in an independent Scotland.

Labour is the party for Scotland’s workers, and we will never support something that would put jobs and livelihoods at risk.

Last week, new export figures revealed the value of the UK single market is four times more important to Scottish trade than the EU single market.

So while I will continue to argue that Brexit is bad for Scotland’s economy, the SNP government’s own figures show that independence would be considerably worse.

It is simply a reckless nationalist gamble to put access to the UK single market, and all the jobs that depend on it, at risk.

Contrast the SNP’s dangerous approach in Holyrood with Labour’s approach in Westminster.

Labour has tabled a number of targeted amendments to the Article 50 Bill, designed to ensure Parliament is able to hold the Government to account throughout the negotiations.

Labour has also tabled an anti-tax haven amendment to ensure the Prime Minister does use Brexit to weaken Britain’s laws concerning tax avoidance and evasion.

In Scotland, we want to continue working with the Scottish Government to get the best deal for Scotland within the UK, but that will not extend to blind faith.

Unity cannot be achieved by a politics that sees one half of the country constantly facing off against the other. We are divided enough already.

Only Labour is standing up for what the majority of Scots want – a strong Scottish Parliament within the UK and close ties with Europe.

We are facing the biggest constitutional upheaval in this country for generations.

This is a time for serious politics, not the SNP’s game-playing.

The Nationalists should ditch their obsession with independence and work with Labour to help secure the best deal for Scotland and the UK.

Nicola Sturgeon should be standing up for Scotland, not standing up for her party’s own self-interest.

*This opinion piece first appeared in Scotland on Sunday on 29/01/17

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Theresa May would be failing the British people if she does not postpone the state visit and condemn Trump’s actions – Jeremy Corbyn

Jeremy Corbyn MP, Leader of the Labour Party, commenting on President Trump’s potential state visit to the UK, said:

“Donald Trump should not be welcomed to Britain while he abuses our shared values with his shameful Muslim ban and attacks on refugees’ and women’s rights.

“Theresa May would be failing the British people if she does not postpone the state visit and condemn Trump’s actions in the clearest terms. That’s what Britain expects and deserves.”

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People want SNP to focus on the day job

29 Jan 2017

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A Sunday Times poll has found that support for another referendum on independence prior to Brexit has fallen to just 27%.

It represents another drop in enthusiasm for a second vote, from 43% last June to 32% in September.

The poll also showed that a majority (51%) do not want another independence vote held within the next few years.

Writing in the Sunday Times, former senior SNP adviser Kevin Pringle admitted that many people viewed the prospect of another independence referendum ‘with weariness and distaste’, and that it would bring ‘unpleasant attitudes’ to the fore.

Scottish Conservative leader Ruth Davidson said:

“Scotland is now sending a very clear message to Nicola Sturgeon – we don’t want your second referendum.

“As her own former spokesman says today, many people view the prospect of such a vote with ‘weariness’ and ‘distaste’ because of the ‘unpleasant attitudes’ it will bring to the fore.

“He is absolutely right. People desperately want the SNP to focus on the day job, not yet more division and uncertainty.

“Nicola Sturgeon should now act on behalf of all of Scotland, not just the SNP, by ditching her unwanted and unnecessary plans.

“Only by doing so can we pull together as a country and confront the challenges we all face.”


The Sunday Times poll found that enthusiasm for a pre-Brexit independence referendum has fallen away — from 43% last June to 32% in September and only 27% now, and a majority (51%) do not want another independence vote held within the next few years.

In his article in today’s Sunday Times, Kevin Pringle writes:

“Referendums don’t create unpleasant attitudes in society but they do bring them to the fore.”

“I know that many people view the prospect with weariness and distaste.” 

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SNP’S low growth Scotland has cost £1300 per household

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29 Jan 2017

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New analysis by the Scottish Conservatives has shown that the SNP’s failure to boost growth has cost the equivalent of £1300 per household.

The data is published today ahead of the stage one budget debate at Holyrood this week – when the Scottish Conservatives will oppose the SNP’s damaging plans to tax families and firms more than elsewhere in the United Kingdom.

The analysis reveals that, had Scottish growth matched UK figures since 2007, our gross domestic product would have been £3.1 billion higher over the last ten years.

It equates to £1,291 per Scottish household.

The Scottish Conservatives will this week call on the SNP to ditch its plans to use new powers to turn Scotland into the highest taxed part of the UK – saying this will only cut growth even more in Scotland, leaving us all worse off.

Scottish Conservative shadow finance secretary Murdo Fraser said:

“This week’s budget should prioritise growth, by setting competitive taxes that help support jobs and the economy.

“Instead we have an SNP Government which is going to cut growth even further, by turning Scotland into the highest taxed part of the UK.

“The consequence of the SNP’s low growth Scotland is laid bare in our figures. If we had matched UK growth over the last ten years, Scotland would have earned an extra £3bn – the equivalent of £1300 per household.

“The SNP now wants make this even worse. By increasing taxes, their plans will act as a ball and chain on growth, leaving us all poorer.

“Unless the SNP signal they are re-thinking their tax plans, we will be voting against this anti-jobs Budget this week.

“If the Budget falls as a result, that will be the Nationalists’ own fault. Instead of using our new powers to set a course, they have been caught in the headlights.

“Time is now running out and they need to make up their mind. Are they for jobs and growth or against them?

“The Scottish Conservatives have a plan to grow Scotland: it is time the SNP listened.”


The SNP Government has been in charge of the Scottish economy for a decade; yet, Scotland continues to lag behind the UK on a range of economic indicators.

The Scottish Conservatives believe in creating a prosperous, growing economy that works for everyone by investing in education, skills, and creating a thriving business environment to attract investment, not just internationally but also by encouraging domestic businesses to grow.

We believe the SNP’s obsession with the constitution has led to the Government taking its eye off the ball and focusing its resources away from the real policy areas that matter. As a result, Scotland has lacked a coherent and ambitious economic strategy for a decade.

This paper sets out the loss to the Scottish economy, in terms of lost GDP, of consistent SNP inaction.

Methodology

The Scottish Government publishes estimates of GDP growth along with comparable figures for the UK. They also publish monetary values for GDP in its quarterly national accounts. We use the latest available data in both cases. For the 2016 figures, we take Scottish annual growth forecasts from the Fraser of Allander Institute and UK annual growth forecasts for the UK (Scottish Government, GDP 2016 Q3, 17 January 2017, link; Scottish Government, Quarterly National Accounts, 2016 Q2, Tab B, link; Fraser of Allander Institute, Economic Commentary, Volume 40, No 3, December 2016, link).

We take the 2007 figure for nominal GDP and apply the real growth rates for both Scotland and the UK to give a comparison of the actual path of GDP and the theoretical path, had Scottish economic performance matched UK economic performance. These two different paths are set out in the table below.

We then calculate the different between the actual level of GDP and the level if the Scottish economy had mirrored the UK, and divide this by the number of households to provide an estimate of the lost GDP per household – i.e. the extent to which each household is poorer as a result of the SNP’s failings on the economy.

Estimates for the number of households in Scotland are taken from the National Records of Scotland (National Records of Scotland, Estimates of Households and Dwellings in Scotland 2015, 8 June 2016, link).

  Scottish GDP Growth UK GDP Growth Scottish GDP – actual, billion Scottish GDP – if mirror UK, billion
2007 0.6% 2.6% £145.0 £145.0
2008 -0.3% -0.6% £144.5 £144.1
2009 -2.3% -4.4% £141.2 £137.8
2010 0.3% 1.9% £141.6 £140.4
2011 1.1% 1.6% £143.1 £142.7
2012 0.0% 1.2% £143.1 £144.4
2013 2.3% 1.9% £146.3 £147.2
2014 2.7% 3.1% £150.2 £151.8
2015 2.1% 2.1% £153.4 £155.0
2016 1.0% 2.0% £155.0 £158.1
         
Difference £3.1 billion
Number of households 2.4 million
Lost GDP per household £1,291.93
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