Today's GDP figures are extremely disappointing - but not surprising. We have repeatedly warned the UK Government their austerity cuts were too deep, too fast. The Deputy Prime Minister is now in agreement with us. Their cuts to capital investment in major infrastructure projects is causing damage to our economy at a time when spending by households and businesses is too weak to offset cutbacks in UK Government spending.
Furthermore, the Chief Economist of the IMF has now advised the Chancellor to reconsider his plans. A new plan for growth and jobs should now be a major priority for the Prime Minister and the Chancellor of the Exchequer.We are doing all we can within our powers to support and encourage business in Wales and our Programme for Government places jobs right at the heart of what we do.
More top news
Cloudy skies mean we'll escape largely frost-free overnight! Feeling much milder with drizzle in the east at times.
A hospital worker has been jailed after admitting forging the signatures of colleagues and a patient to get money.
It's all very well to talk about 'average' weather , but what actually IS it? Well, it varies depending where in Wales you live!