Live updates


Federation of Small Businesses: unemployment increase 'worrying'

For the second month running we are seeing another worrying increase in the number of unemployed in Wales. However compared to a year ago, the figures are more favourable, showing how volatile the situation is in Wales. Our latest quarterly index revealed today shows that small businesses in Wales are significantly more confident than they were this time last year.

We need to hear measures from the Chancellor today to boost that confidence and give a helping hand to small businesses. He must deliver a Budget for business that will give clear tools to small firms to create jobs and wealth. We know that smaller firms can be an important pathway back to work for the long-term unemployed.

– Janet Jones, Welsh Policy Unit Chair for the Federation of Small Businesses


Unemployment up in Wales - as it falls across UK

Unemployment in Wales is up by 6,000, to 8.6 percent. That is despite a fall across the UK.

The disappointing figures come on the day research by Cardiff Business School shows Wales' small businesses are missing out on Welsh Govenment support because many don't know it exists.

Critics say too much emphasis is being placed on dividing the welsh economy into sector panels.

They say that is overlooking our small firms which provide the majority of jobs.

Our Business Correspondent Carole Green reports.

Business Minister: Economic situation still 'challenging'

Unemployment in Wales might have fallen, but Business Minister Edwina Hart says the economic situation here remains 'challenging'.

The poor performance of the global economy, together with spending cuts imposed by the UK Government, mean our economic prospects continue to be very uncertain.

Whilst the UK Government holds all the major macroeconomic tools, the Welsh Government is doing all we can to help people back into jobs or training.

– Edwina Hart AM
Load more updates