Welsh economic policy 'has not worked', report author claims

A radical overhaul in how Welsh government supports enterprises is needed, says a report for the Federation of Small Businesses (FSB).

It wants more help so growing firms stay under Welsh ownership, warning current approaches are failing.

The Manchester Business School report said "orthodox economic thinking" and "mainstream policies" took Wales nowhere.

The Welsh government claimed its economic policies were working.

Report author Prof Karel Williams said current policy "hasn't worked".