Business
Has the Welsh economy truly recovered from COVID?
It’s now been five years since the COVID-19 pandemic began. The pandemic rocked economies all over the country, with lockdowns affecting numerous businesses, both small and large.
Now that a significant amount of time has passed, has Wales managed to recover economically from damage that the COVID-19 pandemic caused?
In this article, we’ll explore how Wales was affected by COVID, and whether or not it has seen a recovery now that five years have passed.
Effects of COVID-19 on Wales
Industries relying on physical interaction were hit hard
Hotels, public transport, theatres, restaurants, gyms, and any other industry that relied on the public was hit incredibly hard by lockdowns. In fact, across the UK, sales were 50% lower than normal for in-person-reliant industries.
Everything moved online
When the pandemic hit, people were made to stay at home and almost everything moved online. From education and work to entertainment and socialising, the way we lived our lives fundamentally changed.
Whilst this did have severe repercussions for some businesses, it had a positive effect on other industries. Online gambling notably benefitted from the pandemic. For example, trusted pay and play casino platforms saw a surge in usership since in-person gambling wasn’t available, and discussions on the Mr. Gamble forum increased, with people replacing in person interactions with online variations.
Employment rates dropped
Prior to the pandemic, employment rates in Wales (for those aged 16-64) were around 74%. When the pandemic hit, this dropped to 72%. With plenty of businesses being able to move their endeavours online and allow employees to work from home, employment levels luckily didn’t drop as significantly as they might have a decade or so ago.
Has the Welsh economy seen any recovery?
Since the COVID-19 pandemic, Wales has seen substantial recovery in some areas of the economy.
GDP
In 2020, Wales’ GDP growth dropped by 10.7%. But, by 2022, it had already seen significant recovery, growing by 3.8%.
Annual earnings
Alongside improvement in Wales’ GDP, the median annual earnings for full-time employees in Wales grew significantly from £28,387 in 2020 to £34,303 in 2024.
Has Wales’ economy fully recovered from COVID?
Despite some recovery, there is still plenty of uncertainty and volatility across Wales. It may be a few years before the Welsh economy is able to fully recover from the effects of the COVID-19 pandemic.
Business
Cardiff Airport expects Easter passenger surge as demand rises
CARDIFF AIRPORT is preparing for a busy Easter getaway, with more than 46,000 passengers expected to travel through the airport over the holiday period.
The figure represents an 18% increase compared to the same period last year, reflecting growing demand for both sunshine destinations and European city breaks.
The busiest routes this Easter are set to be Alicante, Dublin and Málaga, with flights operated by airlines including Ryanair, Vueling and TUI Airways.
Travellers heading for warmer weather can also take advantage of direct flights to the Canary Islands, including Tenerife, Lanzarote, Gran Canaria and Fuerteventura, alongside popular destinations such as Faro and Palma.
The airport says the increase builds on a strong start to 2026, with passenger numbers continuing to rise.
Chief executive Jon Bridge said the airport is approaching the one million passenger mark and expects the summer season to be its busiest since the pandemic.
He said: “It’s been an incredibly positive start to the year, and we’re looking forward to welcoming more passengers over the Easter period.
“Our teams are working hard to ensure travellers can start their holidays smoothly.”
Passengers travelling over Easter are being advised to allow extra time for their journey and check with airlines for the latest updates.
A total of 46,158 passengers are expected to pass through the airport between March 27 and April 12, with arrivals and departures almost evenly split.
Cardiff Airport said it continues to expand its range of destinations, including the addition of a direct service to Toronto, as it looks to strengthen its role in connecting Wales to international travel.
Business
New pilot vessel Llanion arrives at Milford Haven
State-of-the-art 22-metre craft marks reset after £3.6m pilot boat controversy
THE PORT OF MILFORD HAVEN has taken delivery of a new 22-metre pilot vessel, marking a major investment in safety and operational capability on one of the UK’s busiest waterways.
The vessel, named Llanion, has arrived in Welsh waters following a successful delivery voyage from the Netherlands, where it was built by Next Generation Shipyards.
Designed specifically for pilotage operations, the new craft features a modern hull design, self-righting capability, and advanced safety systems, enabling it to operate in challenging conditions while supporting the safe movement of vessels across the Milford Haven Waterway.
Its arrival effectively brings to a close a long-running saga surrounding a previous generation of pilot boats built locally in Pembrokeshire at a reported cost of around £3.6 million. The Pembrokeshire Herald previously reported extensively on the issue, including a front-page story highlighting concerns about the vessels’ performance and suitability for operational use.
Those vessels were later withdrawn from frontline service following safety concerns raised by crews.
Since taking over as Chief Executive, Tom Sawyer has overseen a shift in direction at the Port, with a stronger emphasis on operational reliability, safety and long-term performance. The commissioning of Llanion is widely seen as part of that reset, addressing issues that had affected confidence in the pilot fleet.
Tom Sawyer said: “This project is a testament to collaboration and innovation. Working closely with our partners and our own technical teams, we now have a vessel that reflects the highest standards of design, safety and operational capability.
“Llanion will play a key role in supporting the safe and reliable movement of vessels on the Milford Haven Waterway for years to come.”
The new vessel is the result of a five-year collaboration between the Port of Milford Haven, naval architects BMT, Camarc Design and the Dutch shipyard, with Port teams closely involved throughout.
Dirk Keizer, Technical Director at Next Generation Shipyards, said the company was “extremely proud” to deliver the vessel, adding that it “excels in safety, performance and reliability.”
Ed Soothill, Technical Director at Camarc Design, said it was “wonderful to see Llanion arriving in Milford Haven,” while Steven Lee, Chief Naval Architect at BMT, described the vessel as “the Port’s next generation pilot boat.”
The Port of Milford Haven is the UK’s largest energy port and a key economic driver in Pembrokeshire, supporting thousands of jobs and handling a significant share of Britain’s oil and gas imports.
Photo caption:
New arrival: The Port of Milford Haven’s 22-metre pilot vessel Llanion (Pic: Port of Milford Haven).
Business
Nolton riding stables could become new luxury wedding venue
A CALL to allow a former riding stables to keep a multi-purpose building built without permission has been allowed, but its new purpose for wedding venues will need a new application.
In an application submitted to Pembrokeshire Coast National Park, Lawson & Penny Owen of LJP Owen Ltd, through agent Hayston Developments & Planning Ltd, sought permission for a certificate of lawfulness for a multi-use building at Johns Barn, Nolton Stables, Nolton.
In application for a certificate of lawfulness allows an applicant to keep a development if they can provide proof of occupancy or use over a prolonged period.
A supporting statement said the building had been used for a variety of purposes including a meet and greet use in connection with the operation of a family-owned riding stables, for various parties and occasions including birthday parties and for expansion with weddings and wedding receptions.
It added: “Mr Lawson Owen’s grandfather, along with his sons, started the stables early 1960s and his mum and dad ran the stables from 1975. Mr Owen left school in 1995 and LJP Owen Ltd took over running the stables from 2005 (Lawson, James and Penny). There is no planning history in respect of the construction of this mainly timber building which has been designed and used since 2016 for a variety of activities within Use Class D2, nor in respect of the subsequent extension, which was added by Summer 2020 and which contains a toilet block.
“Although the multi-purpose building was constructed to act as a meet and greet centre and toilets in conjunction with the established riding school / pony trekking centre based at Nolton Stables, the first use towards the end of December 2016 was to host a family event to which over 100 guests were invited.”
It said the facility predated other ventures at the site including a horse riding experience and ‘zorbing’ and segwaying.
It said that Covid restrictions in place from 2020 “resulted in the abandonment of pony trekking and hence the sale of the horses from Nolton Stables as it was economically impractical to feed and maintain the animals, saddles etc for an extended period when there was no income,” adding: “Zorbing and segwaying also had to cease because of the associated level of social contact.”
It went on to say: “The principal use of the building is now multi-purpose with wedding venue ceremonies now popular too and subsequent reception with a number of the guests staying in holiday accommodation in and around Nolton; some of which is currently managed by the applicants or to be developed by the applicants. (An application for nine holiday units is currently awaiting validation and processing by PCNP).”
An officer report in part supported the certificate of lawfulness, but felt the current use of the barn as a wedding venue, from 2022, “is considered to be a further change of use from the equine use to a sui generis use,” with a continuous period of use of for a longer period needed for that element of the ‘lawfulness’ application.
In granting the certificate of lawfulness for the building itself and equine use, it said: “The unauthorised building has a lawful equestrian activity use and any change of use from this has not yet become lawful,” adding the use as a wedding venue would require a separate planning application.
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