In Mid and West Wales, Labour AM and Former Minister for Europe in the House of Lords Eluned Morgan said, “The PM’s pronouncement on BREXIT will slit the wrists of the Welsh economy and lead to a decade of instability for the UK. Most leading economists have recognised that leaving the single market will lead to a 5% shrinkage in the economy which will dramatically reduce public expenditure and have dire consequences for our hospitals and schools in Wales.
“The irresponsible action by the PM of tearing up the rule book in the hope that she will land something better is extremely high risk, in particular when we have so few experts to negotiate trade deals. The PM will need to land a new trade deal not just with the EU but on leaving the Customs Union with the 50 other countries with whom we trade.
“Welsh businesses will find no comfort In this speech, there is no assurance that we will not fall off a cliff edge within two years. This will hit investment and jobs hard.
“The tone of the speech will make it more difficult for us to recruit doctors and nurses to serve in our hospitals in Wales.
“There were no assurances for our poorest areas who have benefitted from EU investment in the past and no guarantees to farmers.
“Of course we should honour the result of the referendum, but there is more than one way to leave the EU, she has chosen the most damaging for our country.”