Friday, April 26, 2013

Welsh GDP figures debate gets warmer

The Federation of Small Business call this week for Welsh specific GDP figures to be published quarterly is further evidence that the matter is starting to push its way up the Welsh political agenda.

It’s a subject I have blogged on many times when the annual GVA figures are published before Christmas every year and the Scottish and Catalan Government’s manage to produce figures for their economies plus the Office of National Statistics (ONS) has said it’s possible to produce the figures quarterly for the Welsh economy.

It all points to the reason being more political than lack of data or anything economic as to why we still have GVA figures one a year that are already 12 months old.
Carwyn Jones hypocrisy, like Rhodri Morgan before him, is laid bare when their less than keen attitude towards publishing Welsh GDP figures is readily replaced by a real willingness to use UK GDP figures to attack the UK Tory/Lib Dems Government over it’s poor economic performance.
The Welsh Government hasn’t a great deal of credibility on economic matters whatever the spin, but agreeing to publish these figures would point to a government that is serious and willing to be  challenged over its economic decision making – I feel we are still a long way from that yet but progress is being made.
Any source

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