(Credit to Paul Bradbury – Facebook Post)
We are constantly told to believe that our little country could never amount to anything, let alone become prosperous. Wales finds itself at the very bottom of most economic tables.
Yet as a country we are actually still very rich in minerals and natural resources. We still have vast amounts of gold, copper, coal, oil, gas and slate, plus an abundance of agricultural supplies, livestock and food crops and most importantly and often overlooked, Water and Energy.
Evidence suggests that Water revenue now reaches £1.5billion annually. (Severn Trent figures).
Wales is also one of the worlds top 5 exporters of Electricity.
It’s worth bearing in mind that when the figures you read are produced to demonstrate how poor Wales is, much of our economic activity is not counted at all.
Steel, tinplate and car/aircraft engines for example are not by definition “final goods”.
This huge revenue eventually gets counted in overall UK figures / GDP, causing the Wales deficit to seem even larger than it is.
Most people are not aware that Wales still exports more than it imports. The only part of the UK that does. Things like..
Business and financial services, chemical products,
And we boast a vastly untapped and hugely underpromoted tourist industry that we could much better utilise.
Promoting the incredible wealth of diversity, cultures, music, scenery, rivers, lakes, mountains, national parks, steam railways, castles, beaches, shopping centres, hidden villages, modern waterfronts, ancient sites, biking, hiking, kayaking. …..
Wales has it all and so much more.
So ask yourself this. How come no one outside of the UK has even heard of us ? Try telling people you’re from Wales, without using Gareth Bale, Shirley Bassey or Tom Jones to explain where it is and that it’s not England.
Tourism incidentally is estimated to be worth over £2 Billion a year, yet Wales is one of the only countries with an active, developing tourist industry with no tourist taxes!
Taxes that are collected in Wales already cover ALL devolved areas.
The only “subsidies” are for non devolved things, like Armed forces, police, Nuclear weapons, high speed, electric trains throughout England (Wales, doesn’t even have any electric trains by the way).
The “Deficit” is made up of many things that an independent Wales would not require and would not need to pay for. In the case of defence, Wales pays a massive 3% of GDP (2 billion pounds) for our defence share, far in excess of what we should be paying, in fact higher than any other country.
Then add the revenues Wales could receive for it’s exports.
Because as things stand Wales actually pays to supply energy to the rest of the UK !!
As an exporter of Electricity, Wales ranks 5th in world after Canada, Germany, Paraguay and France. Little Wales exports more Electricity than energy rich Norway with its $1trillon sovereign wealth fund, that is built on surpluses from it’s energy policies.
The UK as a whole, does not even make the top 10 of this list.
Infrastructure generally and connecting the North and Mid to the South would need substantial investment as would the private sector. At just over 3 million Wales’ population is small, which is an advantage, not a disadvantage, given that what we do produce and over produce as a nation is significant.
It’s actually incredible how suppressed and downtroden we are as a nation, to believe we cannot amount to much.
When many other small countries with nowhere near the resources we have, thrive. None, incidentally ever wanting to go back to being governed by their former big brothers once they had taken the step of self determination.
Countries like Estonia 1.3 million population, or Malta or Liechtenstein 40,000 population. Iceland, Eire..the list is growing.
It’s worth noting that the UK debt stands at 1.8 Trillion (That’s 100% of GDP)…. and you thought Wales was poor?
A vision of an independent Wales has often been compared to that of New Zealand, with very similar populations, landscape and agriculture.
Though Wales actually has many more natural resources.
Wales is certainly NOT too small.
Definitely NOT too poor.
But maybe our minds have been too weak and our confidence kept too low?
Surely It’s time to change this?