Plaid Finance Expert Fears Squeeze On Assembly Budget Next Year

Summary

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A plaid cymru economic adviser has warned that whichever party led the Assembly Government after next May's election, money would be tight. The warning came as Labour and the opposition parties argue about next year's Budget, with a crucial vote due on Wednesday. According to Eurfyl ap Gwilym, a businessman who sits on various company boards, including that of the principality, the current haggling could seem insignificant compared with the financial squeeze in future years.

In an article for the Institute of Welsh Affairs' journal Agenda, Mr ap Gwilym states, 'As the political parties ponder their manifestos for the 2007 Assembly elections, they will need to come to terms with sharply reducing spending growth by the time the incoming Assembly Government faces the task of formulating its first budget for 2008-09. During the first two terms, Wales was in the enviable position of presiding over an unprecedented growth in public spending. However, all good things come to an end.

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Plaid Finance Expert Fears Squeeze On Assembly Budget Next Year

'It has already been indicated by the Chancellor of the Exchequer that public expenditure growth will slow down following the high increases over ...

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