Business leaders got a private briefing from the Welsh secretary Ron Davies this week in a last minute pep-talk aimed at assuaging doubts over devolution.
In a meeting with the Welsh Institute of Directors in Cardiff, Davies said the strong competitive position of Welsh business would be maintained.
Meirion Lewis, executive director of the Welsh IoD, said most business leaders were concerned about the costs, quality of the people elected to the assembly, and the risk of cuts in the development budget for Wales. `We don’t think it will have any impact on the flow of inward investment,’ he said.
Business chiefs are divided over the vote. `Some are enthusiastically for, others passionately against, but there is a general feeling that the quangos should be democratised,’ said Lewis.