Blaenau Ffestiniog and the Foundational Economy
Analysis6 Feb 2023

Blaenau Ffestiniog and the Foundational Economy

In the search for stability and growth, policy and debate often focuses on looking for multi-million pound inward investment, or industries with big ideas such as technology and manufacturing. But these businesses, which often rely on sophisticated technology to produce tradeable and exportable products, only make up a small proportion of the UK economy. Instead the “Foundational Economy” - things like food production and processing, retail, health, education, housing and welfare, contribute to a much larger proportion of spending. They account for around four in ten jobs and £1 spent in every three in Wales. Wales has been a global pioneer in supporting the “mundane” but crucial Foundational Economy, shaping policies around it. They’ve establish a dedicated ministerial board, and have a £4.5m fund, supporting a series of experimental projects testing the importance and potential of the Foundational Economy. But can it ever be big enough or bold enough to transform the state’s finances? Clare McNeil visits the former Slate mining capital of the world - Blaenau Ffestiniog - to investigate whether these projects can provide sufficient stability and growth, and if the rest of the UK should focus on the mundane to develop the economy.

Presenter: Clare McNeil Producer: Jonathan IAnson Editor: Clare Fordham

Avsnitt(389)

The low pay puzzle

The low pay puzzle

From April, 2.7 million workers will get one of the biggest pay rises in UK history as the National Living Wage rises to £11.44 an hour. But will they feel better off?It's 25 years since the National ...

25 Mars 202429min

How real is the existential threat from AI?

How real is the existential threat from AI?

The existential threat caused by Artificial Intelligence is a popular theme in science fiction. But more recently it’s started to be taken seriously by governments around the world and the companies d...

18 Mars 202429min

What would Isambard Kingdom Brunel have done?

What would Isambard Kingdom Brunel have done?

It's 2024, and the Manchester extension of HS2 has been cancelled. The leg to Leeds was cancelled in 2021. The remaining line to Birmingham is now less than half the initial planned route, and will co...

11 Mars 202428min

Power Drive

Power Drive

It's widely believed that the Conservaives won the Uxbridge by-election because of motorists who were annoyed by the London mayor's ultra low emission zone. With a general election looming, both main ...

4 Mars 202428min

How to cure the small town blues

How to cure the small town blues

Middlesbrough, in the north-east, is one of the most deprived towns in England. Once a steel and shipbuilding powerhouse, its fortunes changed when those industries closed down. Today, the town that G...

26 Feb 202428min

How to Dismantle a Democracy

How to Dismantle a Democracy

Democracies do not die in military coups. They are dismantled slowly, by libel laws, through tax audits, and procedure. Democracies are dismantled by bureaucrats and judges, not by soldiers and heavy-...

19 Feb 202428min

What is 'British culture'?

What is 'British culture'?

'What is "British Culture?” I was born in the UK and have lived here for 40 years, and yet, as a British Asian person, I am constantly told “we are not integrating”. Not integrating into what culture ...

12 Feb 202428min

Has the family had its day?

Has the family had its day?

British politicians love to invoke the family, from John Major's "Back to Basics" campaign, to New Labour's "hardworking families" - and now a prominent strain of the Conservative right says parents s...

5 Feb 202428min

Populärt inom Politik & nyheter

motiv
p3-krim
spar
flashback-forever
svenska-fall
rss-viva-fotboll
rss-krimstad
aftonbladet-daily
aftonbladet-krim
rss-sanning-konsekvens
rss-vad-fan-hande
olyckan-inifran
dagens-eko
fordomspodden
rss-aftonbladet-krim
svd-ledarredaktionen
rss-frandfors-horna
blenda-2
rss-klubbland-en-podd-mest-om-frolunda
rss-krimreportrarna