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PRIVACY
Economic Development

Welsh independence - is there an economic case for leaving the º£½ÇÊÓÆµ?

The current crisis at Westminster sparked by the failed handling of Brexit has put independence back on the agenda

Remember Tryweryn graffiti on the A5 between Berwyn and Glyndyfrdwy.

The current crisis at Westminster sparked by the failed handling of Brexit has shaken up the political system in the º£½ÇÊÓÆµ.

It has given rise to political movements likes the Brexit Party and put Scottish independence firmly back on the agenda.

The issue of Brexit has also highlighted the impotence of the Welsh Government in giving Wales a role in negotiating the nation's future on this crucial issue.

This and the vandalism of the has seen an increase in support for Welsh independence or at least greater law making powers for the Senedd (Welsh Assembly) in recent months.

'Cofiwch Dryweryn' banner held up high in front of Cardiff City Hall(Image: Mared Jones)

 

But do the hard economic facts pour cold water over the flames of independence - with a 2016 Cardiff University report highlighting a serious imbalance between taxation revenue and government spending amounting to some 24% of GDP.

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Dr John Ball, a former lecturer in economics at the School of Management, Swansea University, argued for the Institute of Welsh Affairs that this did not give the full picture.

 

He said it was based on a lack of accurate data and failed to take into account potential tax raising measures an independent Wales could introduce.

He said: "Without accurate data any analysis of the Welsh economy must be treated with a degree of uncertainty, although the picture painted by the Cardiff University report of a country in penury is quite clearly overstated.