This article was originally written as a commentary to the news of the expansion of the Business Wales programme.
Another announcement on business support from the Welsh Government, another quote on “new jobs”. One wonders what these “new jobs” will be. With little disclosed in the way of economic impact analysis or strategy, it is difficult to attest to the validity of any claim of the value of these to the Welsh economy – let alone if such support is the most appropriate use of public money. Similarly, if a nation’s economic position could be improved through public money alone, we’d be well off in Wales given the billions of pounds that have been thrown in our direction. Sadly, the latest ONS figures remind us all too well of how Wales’ attempts to address its economic woes have failed and I’m hoping those behind the scenes in Welsh Government won’t be happy if most of the opportunities this support creates are in vulnerable, low-paid roles.