Quote:
Originally Posted by Damien
Debt and deficits have to be somewhat proportional to your GDP otherwise you'll struggle to borrow the money. Lenders want confidence you can pay it back.
Welsh GDP per Capita is lower than that of the U.K by quite a bit. The level of debt it could raise, spending it could make will would be lower per head than it is now.
So it's a valid question to ask what their economic plan is.
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A legitimate question for the voters of Wales, yes. However if the voters of Wales voted for ideological reasons - 'taking back control' over economic ones then that is absolutely their perogative to do so.
Fundamentally, the UK makes economic decisions that (by it's own calculations) leave very few of the nations and regions as economic contributors. Wales, and other parts lagging behind on GDP per capita, will never make up the difference in the current constitutional settlement because there's no incentive for London to do so.