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Bevan Foundation's bleak vision of 2020 Welsh economy

Bevan Foundation report argues for radical solutions if Wales is to avoid increased flood risks, energy insecurity and higher levels of severe poverty by 2020.

The Merthyr Tydfil-based think-tank has brought together economic, education, environment and health forecasts.

"It is highly unlikely that the approaches of the last 15 years will manage to buck the trend in the next five," said foundation director and report author Dr Victoria Winckler.

"We need to ask some searching and fundamental questions about the role of the state, third sector and business; about how to target scarce resources and how to engage with people.

"These are probably the biggest challenges to face Wales in a generation. They are tough individually but, like buses, they're all coming at once."

The report calls for Wales to make use of its environment, history and culture, businesses and institutions and "crucially, the skills and resilience of its people".

The Shape of Wales To Come

  • Wales' gross value added (GVA) - the value of wages and profits from goods and services produced - is forecast to lag behind most other UK regions
  • A minority of the population is at risk of severe poverty
  • Public sector workers and those on benefits will suffer real-terms falls in income
  • With an ageing population, there are likely to be more people in poor health
  • Flood risks and security of water and energy supplies will be of increasing concern
  • Gaps in Wales' IT and transport infrastructures could remain, despite investment

The Shape of Wales To Come

  • Wales' gross value added (GVA) - the value of wages and profits from goods and services produced - is forecast to lag behind most other UK regions
  • A minority of the population is at risk of severe poverty
  • Public sector workers and those on benefits will suffer real-terms falls in income
  • With an ageing population, there are likely to be more people in poor health
  • Flood risks and security of water and energy supplies will be of increasing concern
  • Gaps in Wales' IT and transport infrastructures could remain, despite investment

source: BBC News

Renew Wales hopes to discuss some of these issues at the Renew Wales Conference





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