Construction of International Convention Centre Wales begins

Once complete in 2019, ICC Wales will provide total floor space for meetings, conferences, exhibitions and events of 26,000sqm – the equivalent size to nearly 4 international rugby pitches.

An £83.7m joint venture between Celtic Manor and Welsh Government, ICC Wales will accommodate 5,000 delegates and includes a 4,000sqm pillar-free main hall, a 1,500 seated auditorium, 12 flexible meeting rooms, a double-height glass atrium and a 2,500sqm outdoor plaza.  

First Minister Carwyn Jones said:

“The International Convention Centre Wales is vital to fulfilling our ambition of making Wales a leading international destination for business. In order to compete in a highly competitive international market, Wales needs a convention centre of this quality and size. A world-class venue such as this will allow us to capitalise on Wales’ growing reputation as a destination for major events. The Celtic Manor has already demonstrated its ability to host global events and I’m confident our partnership with them on this project will deliver significant economic benefits for Wales.”

Sir Terry Matthews, Chairman of the Celtic Manor Resort, said:

“ICC Wales will be a game changer for the country on the international business events scene. For far too long, Wales has not had the share of this lucrative market that the country deserves. This is going to change. I’m positive that we have begun a new era in staging major events in Wales and our new state-of-the-art convention centre will continue that momentum for decades to come. It’s an incredibly proud moment for me to see this amazing project start to come to life and I pay tribute to the leadership of our partners in both public and private sectors who have helped to make this dream a reality.”

The economy one year on from the referendum

The Remain campaign told us it would be bad short term news for the economy if we voted to leave.

They told us  interest rates would go up.  One year on the base rate is down from 0.5% to 0.25% ,and the government 10 year borrowing rate is down from 1.4% to 1.02%.

They told us the economy would dive and there would be a winter recession. Instead the economy has grown by 2% over the last year, more than the Eurozone.

They told us the stock market would fall. Instead the FTSE 100 Index of leading shares is up by a massive 25%

After the vote with the FTSE 100 rising, they said they meant the FTSE 250, the Index of domestic companies, would fall. That is up by 20%

They said housebuilding would be hit and there would be a housing collapse. Starts of new homes are up 15%.

They said the car industry would be damaged. It has instead achieved record output and record exports for this century.

I said none of the above would happen, and forecast continuing growth. I was told I must be wrong because the IMF, the World Bank, the President of the USA, the UK Treasury and the leading US Investment banks all knew voting leave would do short term economic damage.

They got one thing right. The pound did go down more – it was falling well before the vote. I always ducked that question, as I thought it might go down.

Mark Drakeford congratulates new WLGA leader Debbie Wilcox

Following the WLGA’s Annual General Meeting in Cardiff earlier today, Mark Drakeford said:

“I’d like to send my warmest congratulations to Cllr Wilcox. I am sure she will lead the WLGA with the utmost professionalism and expertise in the years ahead.

“This is a very significant moment for the WLGA which today sees the election of its first female leader since the body was created in 1996.

“While it is clear we still have some way to go before our councils are fully reflective of the people they serve, it is encouraging to see women leading Anglesey, Ceredigion and Powys councils as well as Newport.

“We also now have a new generation of councillors in Wales – all of whom will bring new ideas, different ways of doing things and a fresh perspective.

“I hope to continue the constructive working relationship I’ve had with the WLGA since I took up this post last year. 

“I have been encouraged by a willingness to engage on areas such as local government reform and have been pleased with the positive progress we’ve made.

“It is vital that we continue to make progress on reforming local government and I look forward to working with Cllr Wilcox and the leadership of the WLGA on the serious and credible set of proposals that the Welsh Government has put forwards.”

News story: Allegations of malpractice in Edexcel’s C4 maths paper

We are aware of the allegations of malpractice or wrongdoing in relation to Edexcel’s C4 maths paper taken today. We are working with Pearson to establish the facts and any action that may need to be taken to ensure that the examinations are fair and that standards are maintained. If anyone has information relevant to these allegations we would urge them to contact Pearson or us in confidence.

pqsmalpractice@pearson.com

public.enquiries@ofqual.gov.uk