In 2017 Councillors in RCT unanimously agreed to commit to the £1.2b Cardiff Capital Region City Deal.
This is of huge significance for the region and for us locally in Rhondda Cynon Taf, as the City Deal has the potential to create 25,000 extra jobs.
The latest labour market statistics for Wales, covering March 2025, indicate that unemployment remains the highest in the UK for the eighth month in a row at 5.2% and has risen significantly in the last month from 4.8%.
Wales’ employment rate remains the lowest of all of the UK nations.
Welsh Conservatives have proposed an overhaul of business rates to combat the fact that business deaths continue to outpace business births.
Commenting, Welsh Conservative Shadow Cabinet Secretary for Economy and Energy, Samuel Kurtz MS said:
“Under Labour, our economy is failing: unemployment is rising, and Wales remains the least competitive part of the UK.
“Business closures continue to outnumber new start-ups, and we are burdened with the highest business rates in Britain.
“Welsh Conservatives want to build a Wales that is open for business. We would overhaul business rates, slashing them for town centres and abolishing them entirely for small businesses, and scrap Labour’s damaging tourism tax to stop penalising a vital sector of our economy.”
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