Labour Government squanders another £7.3 million of taxpayers’ money this time on the failed racetrack
The Welsh Government has today announced that it is unlikely to recover a whopping £7.35m that it had spent on a failed racetrack project in Ebbw Vale. Welsh Government officials have confirmed that there was little chance of recovering this £7.35m from the now insolvent company behind Circuit of Wales.
Commenting on the news, Leader of the Welsh Conservatives, Andrew RT Davies said:
“The Welsh Conservatives told the Labour Government at the time that they were being taken for a ride by this ghost company.
“Through the sheer arrogance of Labour Ministers in Cardiff Bay, it is now the hard-working Welsh taxpayer who is paying the price.
“For the Labour Government to now say they have taken action to recover this money, whilst research has highlighted that they’ve actually lost at least £7.35m, really shows how delusional they are.”