Policy advocacy on devolution and economic stability
2024-01-01
The IoD is traditionally seen as a centre-right business organisation, making its support for expanded devolution particularly significant. Its advocacy demonstrates that the case for stronger Welsh governance is not confined to the left of the political spectrum but is shared by business leaders who want constitutional certainty and fair economic conditions.
IoD Wales's call for a 'new chapter for devolution' including fair funding and legal protection for the Senedd reflects the business community's fundamental need for stability and predictability. Constitutional uncertainty — whether from Westminster overreach, the threat of Senedd abolition, or the absence of legal protections for devolved institutions — creates the kind of regulatory instability that deters investment. By framing devolution reform as an economic stability issue rather than a nationalist aspiration, IoD Wales gives the pro-devolution argument a business credibility that resonates with centre-right voters and decision-makers. Its specific call for legal protection for the Senedd echoes the Constitutional Commission's recommendation and Eluned Morgan's demand for a Constitutional Reform Act — demonstrating that this is a cross-party, cross-sectoral priority rather than a Plaid Cymru project.