Economic Situation: Wales

Wales Office written question – answered on 7th October 2019.

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Photo of Ruth Jones Ruth Jones Labour, Newport West

To ask the Secretary of State for Wales, what recent assessment he has made of the potential effect on the Wales economy of the UK leaving EU without a deal.

Photo of Alun Cairns Alun Cairns The Secretary of State for Wales

The UK Government’s preferred position is to leave the EU with a deal that works for Wales.

In the event of no-deal, the Government would of course take economic measures to mitigate any short-run disruption, support the economy through the transition, and to boost the long-term potential of the Welsh economy. The Welsh economy approaches EU exit from a strong position, unemployment is down and the employment rate has reached a record high.

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