Private Sector Key to Fixing Economy, Says Gillan ; 'Opportunitytomovewales Awayfrompublicsubsidy'

Summary

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SECRETARY of State for Wales Cheryl Gillan yesterday called for the private sector to take the lead in the economic recovery as she mounted a stubborn defence of the coalition's programme of cuts.

Delivering the Callaghan Lecture to an invited business audience at the St David's Hotel in Cardiff Bay, Ms Gillan said the only way to fix the economy was through private sector growth.

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Private Sector Key to Fixing Economy, Says Gillan ; 'Opportunitytomovewales Awayfrompublicsubsidy'

She added that there was a "horizon beyond the immediate pain" of the upcoming comprehensive spending review (CSR), and that it represented an opportunity to re-balance the Welsh economy away from "public subsidy" towards private enterprise.

She told the audience: "The publ...

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