A set of economic indicators released this week show clearly why the Welsh Government needs to adopt a new economic strategy, Plaid Cymru’s Shadow Finance and Economy Minister Adam Price has said.
Figures released by the Office of National Statistics show that Gross Disposable Household Income (GDHI) per head in Wales is now at its lowest level since 2002 compared to the rest of the UK, 14.8% lower than the UK average.
GVA figures show that Welsh workers continue to earn nearly £100 per week less than the UK average.
Figures also show that no other part of the UK is more reliant on benefits and pensions for household incomes than Wales, with a total of 24.1% of the income of the people in Wales reliant on this form of income.
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