Liberal Democrats’ plans for a green sustainable economy – Clegg and Williams

2010 Ebrill 19 11:06 AM

The Liberal Democrats have today set out radical plans to create jobs that last by stimulating a green, sustainable economy.

The plans target £3.1bn of public spending that can be stopped and the money used to create jobs and protect the environment.

In the first year of a Liberal Democrat government in Westminster, increased spend on jobs and infrastructure package will see the Welsh budget increase by over £125 million. This money would be directed into a one-off jobs package helping to deliver a fair, green economy.

Commenting, Liberal Democrat Leader Nick Clegg said:

Labour has let people down, in Wales and across Britain. Over a decade of mismanagement of the economy has left too many families struggling. Labour simply can't be trusted with another four years of our economy.

The Liberal Democrats will begin our term in office with a one-year job creation and green economic stimulus plan.

We have identified £3.1bn of public spending that can be stopped and the money used to create jobs and protect the environment.

All parts of the UK will benefit from our stimulus plan through the devolved settlement. Wales' budget will increase by over £125 million and we believe that this money should be used to boost the struggling Welsh economy.

Kirsty Williams, Leader of the Welsh Liberal Democrats said:

We need a new sort of economy in Wales, an economy that is different from the old and an economy that is financially and environmentally sustainable.

We plan to invest £125 million, which will be offered to Wales in the first year of a Liberal Democrat government, in creating jobs though investing in insulation and bringing empty homes back into use. We'd also build a sustainable economy by investing money in disused industrial sites and ensuring our schools are energy efficient.

We have credible and costed plans to get Wales out of this economic hole and ensure that it is protected from future economic downturns.

A hundred years ago, the Welsh economy was a powerhouse of the world. After decades of Labour and Conservative policies, Wales is at the bottom of all the wrong league tables. We want to see Wales at the forefront of a green and sustainable economy.

Notes: Our green stimulus plan will create hundreds of jobs. We would argue that this money be spent as follows:

Wales will benefit from its fair share of nearly a million opportunities for young people affected by the recession. A work placement scheme with up to 800,000 places will ensure young people get the opportunity to gain skills, qualifications and work experience even if they can't find a job. Young people on the scheme would be paid £55 a week for up to three months

There is also money built in for a contingency fund in case of overdemand.

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