(10 years, 4 months ago)
Commons ChamberI am sure that the hon. Gentleman is as happy as I am that tourism expenditure in Wales increased by £746 million over the past year. The United Kingdom is highly competitive in the tourism market. As I said in my initial answer, the World Economic Forum has indicated that the UK is the fifth most competitive economy in Europe, ahead of France, Portugal and Italy.
As in Scotland, VAT on tourism in Wales has a negative effect on the industry. Will he press his Treasury colleagues to ensure a reduction from 20% to 5%, as requested in yesterday’s debate in Westminster Hall, to benefit very scenic constituencies like mine and Carmarthen East and Dinefwr?
(10 years, 7 months ago)
Commons ChamberWhat substantive planning is the Secretary of State doing for the Welsh economy to take full advantage of the benefits that Scottish independence will bring to these islands in the coming years? Surely tax-varying powers are the minimum requirement in Wales, so that it, too, will benefit in the way that Scotland will benefit in the years to come.