Plenty of good news for Wales and SME’s in yesterday’s Queen’s Speech

Posted: May 28, 2015 in Business/Cardiff News, Opinion
Tags: , , , ,

queen's speechAs we all digest the elements of the UK government’s plan for the next 5 years as delivered by Her Majesty to Parliament, it appears to me that Wales has plenty to cheer about.

As mentioned in today’s Western Mail, the Institute of Directors (IOD) Director for Wales, Robert Lloyd Griffiths, makes a few key points about yesterday’s announcement. Firstly, in welcoming the reduction of red tape for SME’s in Wales who represent such a vitally important sector for future job growth in Wales – although we have yet to see where the Government will find £10 billion worth of cuts regulation!

Secondly, the absolute priority to negotiate the terms for the UK’s continuing membership of the EU – a membership which I believe is crucial for the continued growth of both Wales and the UK economy. Our biggest market is Europe and therefore we must remain part of it.

Thirdly, new powers for the Welsh Government were announced. This is to be welcomed, as the Welsh Government should become more accountable and of significantly more importance to the growth of Wales in the future than it is currently.

The list of changes and challenges laid out in the Queen’s Speech are significant but if addressed without delay, there is every chance that Wales and the rest of the UK will see further positive signs of growth, bringing more prosperity to our citizens, young and old over the years ahead.

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