The latest labour market statistics for Wales, reveal that Wales’ employment rate remains the lowest in Great Britain.
Additionally, Wales continues to have the highest economic inactivity rate in Great Britain.
The Welsh Conservatives have criticised Labour’s punitive taxation measures and Rachel Reeves’ budget decisions, as UK unemployment reaches its highest level in five years, highlighting the impact of Labour’s economic choices
Commenting, Welsh Conservative Shadow Cabinet Secretary for Economy and Energy, Samuel Kurtz MS said:
“Labour and Plaid Cymru are failing to get a grip on the economy in Wales.
“Labour and Plaid’s stitch-up budget and Rachel Reeves’ tax raises have hit businesses hard across the UK, our economy cannot grow with a government that taxes work and smothers enterprise.
“The Welsh Conservatives are offering a bold and costed tax-cutting agenda to kickstart the economy, including the abolition of stamp duty and cuts to business rates, to undo Labour and Plaid’s economic damage and get Wales working.”
Link to the latest labour market statistics for Wales can be found here
- Employment in Wales has increased slightly (71.9%) but still remains the lowest in Great Britain. (75.1%).
- Economic inactivity in Wales has risen from 24.8% last month to 25.4% and remains the highest in Great Britain.
- Pay grows at slowest rate in more than five years
- Unemployment remains at highest rate in five years
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