Welsh Conservatives today revealed that the Welsh Labour Government’s purchase of Cardiff Airport earlier this year for £52million, cost over £1million in consultancy fees.
The consultancy work surrounding the nationalisation of the airport, including valuation, but excluding VAT totalled £912,824. Including VAT takes the figure to almost £1,100,000. The figure was uncovered from a Freedom of Information request.
Last month, the Assembly’s Finance Committee criticised the Welsh Government for using contingency funds for the purchase, which meant the transaction was not subject to Assembly scrutiny.
Byron Davies AM, Shadow Minister for Transport, said, "This figure reveals that the nationalisation of Cardiff Airport by Carwyn Jones’ Labour Government cost hard-pressed taxpayers even more than previously thought.
"Hardworking families pay their taxes so the government can provide first class public services and create the conditions for economic growth and it should not be the role of governments to buy airports.
"Over £53million is a massive sum of money, which would have been better invested in our NHS, which is reeling from Labour’s record-breaking cuts to the health budget of over £800million in real terms over five years.
"This latest hike to the cost of buying Cardiff Airport emphasises just how out of touch with the people of Wales Carwyn Jones and his Labour Government are.
"Not only did Welsh Labour Ministers waste over £53million buying Cardiff Airport, they also used emergency reserve funds to avoid scrutiny of their decision by the Assembly or the hard-pressed taxpayers who actually ended up footing the bill."