HC Deb 13 April 1989 vol 150 c668W
Mr. Barry Jones

To ask the Secretary of State for Wales what assessment he has made of the consequences for the Welsh economy of the credit boom; and if he will make a statement.

Mr. Peter Walker

The Welsh economy is sound and confidence in its capacity to develop further remains high.

Wales has experienced double the increase in the growth in output for the United Kingdom overall. United Kingdom production and construction grew by 4.2 per cent. between the third quarters of 1987 and 1988; the comparable figure for Wales was 8.4 per cent.

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