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‘Brexit Dividend’ could mean Wales is half a billion pounds better off

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WALES could be half a billion pounds a year better off outside the European Union, say senior Vote Leave Wales figures.

Leader of the Welsh Conservatives, and Vote Leave campaigner – Andrew RT Davies – said that the additional money would enable Wales to spend more on public services like the Welsh NHS, and argued that Wales’ poorest regions would receive more funding outside the EU.

UKIP Leader in Wales, Nathan Gill, said that successive Welsh Governments had “failed the poorest parts of Wales” and that leaving the EU would be “transformational”.

The Figures Explained

The Office for Budget Responsibility has reported a £9.8 billion net UK contribution to the EU in the last year for which final figures are available (2014).

Senior Vote Leave figures – including Michael Gove, Boris Johnson and Gisela Stuart – last week offered unconditional guarantees that the UK Government would honour existing EU funding commitments across the UK, up to the end of the current cycle in 2020.

With the UK Government maintaining current levels of support for things like farming and regeneration funds, Wales would also be in line to receive its share of any additional expenditure by the UK Government out of the £9.8 billion ‘Brexit Dividend’; potentially as much as £490 million a year based on figures for 2014.

Andrew RT Davies told The Herald: “Wales could be as much as half a billion pounds a year better off if the UK votes to leave the European Union on Thursday.

“The UK is a massive net contributor to the EU and Wales would be entitled, under the Barnett Formula, to its share of that £9.8 billion Brexit Dividend. No ifs, no buts.

“It is worth remembering that only the poorest parts of Europe qualify for structural funds, which are actually paid for out of UK tax receipts, and it is a stain on the Welsh Government that successive rounds have failed to deliver prosperity for the poorest parts of Wales – particularly in the South Wales Valleys.

“Senior Government Ministers have already pledged to maintain existing EU funding if we Vote to Leave, but the additional funding that Wales could receive would be a huge boost and could enable the Welsh Government to put extra money into local services such as the Welsh NHS.”

UKIP Leader in Wales, Nathan Gill, said: “This is yet more evidence that Wales would be better off outside the EU.

“Successive Welsh Governments have failed the poorest parts of Wales, and the extra money we would be entitled to if we Vote to Leave the EU would be transformational for those areas.

“The real danger clearly lies in voting to remain, where unelected EU leaders have imposed damaging cuts to regions across the European Union.”

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1 Comment

1 Comment

  1. Avatar

    Darach Conneely

    June 21, 2016 at 5:04 pm

    Is this ‘Brexit dividend’ a cut down version of the over inflated £350 million already promised the NHS?
    They give all the money to the NHS,
    Then they give the same money to farmers, etc to replace lost EU funding, Then what’s left over from giving the same money away twice, they give to Wales.
    I’ve also seen them say the same money could be spent:
    to cut VAT on gas and electricity
    and cut ⅔ council taxes.
    If this was dodgy investment scheme, wouldn’t the #Brexit campaign be arrested by now?

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Llanelli: Stop notice issued for school planning application

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A CONTROVERSIAL planning application for a new 480-spaced school in Llanelli has been issued a stop notice by the Welsh Government.
Carmarthenshire County Council is proposing to build a new £9.1m school on Llanerch Fields in Llanelli and were looking to determine the planning application in the coming weeks. Welsh Government will now decide whether to call in the application or not.
The new school would accommodate 420 primary and 60 nursery pupils, set over two floors with larger classrooms with integrated IT facilities, a multi-purpose hall and specialist provision for pupils with additional learning needs.
Over recent years there has been much debate in the area on the choice of site for the new school with campaigners arguing that they support a new school, but object against Llanerch fields being built upon. Last year an attempt to get the land designated as a village green was turned down.
In 2017, Ysgol Dewi Sant as the first Welsh medium primary school to be provided by a local authority celebrated its 70th birthday.
Councillor Rob James, local member for Lliedi, stated “From day one I have raised concerns that the Council’s site choice and planning process opened the Council up to the possibility of the Welsh Government calling in the planning application. It is clear that these concerns were not misplaced and there is now a really chance that it will be. 

“As a local Councillor, a school governor and a parent, I am passionate about the need for a new school for the pupils of Ysgol Dewi Sant and it is important that local pupils get the benefits of a 21st century school.
“I will now be working with Council Officers to ensure that contingency plans are prepared in case the Welsh Government state that the planning application does not comply with national planning policy.
“I will also work with parents, pupils, residents and interested parties are able to engage with the Welsh Government during this process.”

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Third annual Burry Port Raft Race is eagerly awaited

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THE THIRD ANNUAL BURRY PORT RAFT RACE, organised by Burry Port couple, Craig and Isabel Goodman, will be held on Saturday (July 27).

The event which is held in Burry Port Harbour, raises much needed funds for both Burry Port RNLI and a children’s football academy and primary school the couple support in The Gambia.

The day launches at 12pm with stands, food stalls and children’s inflatable games and rides and these will be available until 5pm. You’ll also have a chance to meet the crews, who’ll be busy putting the final touches to their rafts.

Rafts launch at 3pm, followed by a presentation ceremony, including prizes for first raft over the line, first raft to sink and best dressed raft.

Craig said: ” A huge thank you goes to all our sponsors, including overall sponsor Dawsons, along with continued sponsorship from Celtic Couriers, Parker Plant Hire, Burns Pet Nutrition, Burry Port Co-Op, Llanelli Star, LBS Builders Merchants, Burry Port Marina, First Choice Flooring and Pembrey and Burry Port Town Council.

For any further information about the event, please contact 07825 842981.

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Compensation offered after FSCS declares Llanelli firm in default

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CONSUMERS could get back money they have lost as a result of their dealings with a failed regulated firm in Llanelli, Carmarthenshire. The firm is Hayden Williams Independent Financial Services Limited formerly Assura Protect, Room 1, 7 Meadows Bridge, Parc Menter, Cross Hands, Llanelli, Carmarthenshire, Wales SA14 6RA.

The firm was declared in default in June 2019 by the Financial Services Compensation Scheme (FSCS).

FSCS is the UK’s statutory compensation scheme that protects customers of authorised financial services firms that carry out certain regulated activities. A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation with FSCS.

Alex Kuczynski, Chief Corporate Affairs Officer at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital service, which is free to consumers, protects deposits, insurance, investments, home finance and debt management. We want anyone who believes they may be owed money as a result of their dealings with this firm to get in touch, as we may be able to help you.”

Since it began in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

If you wish to make a claim with FSCS against Hayden Williams Independent Financial Services Limited, you may be able to do so using FSCS’s online claims service at https://claims.fscs.org.uk Or you can contact its Customer Services Team on 0800 678 1100 or 020 7741 4100

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