Wales needs ‘Brexit Barometer’ to help businesses prepare for Brexit fallout

 

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Plaid Cymru calls for more support for an economy at risk

Plaid Cymru has called for a ‘Brexit Barometer’ tool to help Welsh businesses understand the risks following Brexit and assess their readiness to deal with them.

Speaking today, Adam Price AM, Plaid Cymru Shadow Cabinet Secretary for Finance and Economy, and Steffan Lewis AM, Plaid Cymru Shadow Cabinet Secretary for External Affairs, reported back on the discussions they had with the Irish Government about the shared challenges Wales and Ireland face, and the shared solutions.

Adam Price AM, Plaid Cymru Shadow Cabinet Secretary for Economy and Finance, said:

“Wales needs a ‘Brexit Barometer’ tool for businesses, to help them identify the areas of their operations that will most be affected by Brexit and to support them to find way to mitigate the risks they will face.

“Following the UK’s Brexit vote, the Irish Government has developed the Brexit Barometer, an online assessment checklist for businesses that provides a tool to evaluate the impact Brexit will have and assess their readiness to meet the challenges ahead. Wales should be thinking similarly innovatively and providing the necessary support to keep our economy afloat.

“The European Union receives 67% of Wales’ exports, which means that our economy is particularly exposed to the damage that could be caused by the introduction of tariffs and the potential delays and costs caused by new regulatory checks and barriers.

“The future of our economy requires a strategic approach from government to offer support where it is needed to help Welsh businesses weather the Brexit storm. A Brexit Barometer would ensure that where businesses can identify where they are vulnerable and take action now to ensure their resilience.”

Steffan Lewis, Plaid Cymru Shadow Cabinet Secretary for External Affairs, said:

“Wales must look beyond Westminster and forge our own links with our neighbours and friends in Europe if we are to have our voice heard in the Brexit negotiations. The message from the Tories in Westminster has been clear, the priorities set out in Wales’ White Paper will not be represented during the negotiations with the EU. Wales will have to speak to Europe our self.

“Wales should have a new international policy that sets out a strategy for raising the profile of our nation around the world. We should be aiming to join Quebec and Catalonia in becoming one of the most recognised sub-state nations in the world.

“Now is the time for Wales to reach out, beyond the borders of the UK, to strengthen our bonds of friendship with our neighbours and allies. It will be the only way to ensure that Wales’ voice isn’t lost in the EU negotiation process.”

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