I got to this bit, laughed and stopped reading.

"Like county councils, the Welsh government is prohibited from stemming this outflow by EU and UK laws, such as the misnamed ‘best-value’ procurement regulations. They require contracts to be awarded to foreign firms that can under-bid local companies due to their scale and ability to leverage debt."

Complete and utter bollocks, and if they can get that wrong, or deliberately attempt to mislead the reader, then the rest of the article is likely to be similarly flawed or deliberately misleading. Either way, it cannot be taken seriously.