The parties competing for your vote in the upcoming election respond to our Big Questions on the economy.
The IWA has developed a set of Economic Priorities for the next Welsh Government, focussing on the potential for Renewable Energy, the Foundational Economy, and crucial reforms to how economic policy is made and implemented post-Brexit.
The economy is a broad topic, and we aren’t seeking to create a comprehensive document on all aspects of economic policy. We recognise the important work being done by other organisations to highlight other important economic issues, particularly tackling poverty and inequality.
We asked the parties standing in the 2021 Senedd elections specific questions around our priorities, and you can read their answers below. Not all parties who we contacted provided a response.
Here’s an analysis by the IWA team of the responses received.
The IWA has previously shown how an ambitious target of 100% renewable energy by 2035 could deliver a low carbon stimulus for Wales’ economy, and most parties are calling for a ‘green recovery’ post-Covid-19.
How will your party’s policies ensure this vision becomes a reality? And how will you ensure communities across Wales feel real benefits?
The Foundational Economy has become an important lens through which to view economic policy, by investing more in the dependable, local parts of the economy that people value.
Do you agree that these parts of the economy merit greater attention?
What will your party do to support growth, social value, and innovation amongst foundational firms and sectors in Wales?
Wales has previously benefited from EU structural funds, at both a local and national level. These funds now look likely to be administered by the UK Government, and Wales will need to get the structures right so it can compete with other parts of the UK to secure them.
How will your party ensure Wales makes successful bids into this new UK-wide framework?
Economic development and environmental sustainability can no longer be treated as two separate areas of policy. Our economy must be clean, green and fair – but we will only achieve this if it is successful and delivers prosperity.
To unite these objectives, we believe these policy aims must sit in a single ministerial portfolio – encompassing economy, energy, transport and the environment.
How would your government ensure these priorities complement each other?
We approached nine of the parties fielding candidates in the election, and five of them responded.