Welsh economy minister says Wales failed by levelling up

Welsh economy minister Vaughan Gething has argued that Wales has been failed by levelling up in a speech in the Senedd.

He claimed that n real terms Wales is now short-changed by almost £1.3 billion in unreplaced EU structural and rural funding between 2021 and 2025 due the ongoing impact of inflation in this period.

He also said that this shortfall is on top of the overall Welsh budget now being up to £1.3 billion less in real terms than when it was set at the UK Government’s spending review in 2021 due to decisions taken by the UK Government and soaring inflation.

Gething said: "Economy Minister Vaughan Gething will say:

"All of the UK Government’s schemes – whether it’s the Levelling Up Fund, the Shared Prosperity Fund, or the Towns Fund – have the same things in common: they are an incoherent mess with very little planning, consultation or economic logic.

"Their implementation is chaotic leaving stakeholders confused or excluded entirely. At the same time, they put immense pressure on local government to spend money quickly despite UK Government delays and implausible deadlines.

"Plus, they take money and powers away from Wales putting them in the hands of UK Government Ministers in London, meaning Wales has less say over less money."

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