O ran yr economi, pwysleisiais fod incymau'n dal i gael eu gwasgu ac amgylchiadau economaidd yn dal yn anodd i ormod o'n pobl, a hynny er bod arwyddion eisoes fod pethau'n gwella ar draws y DU. Erbyn hyn mae diweithdra'n gostwng a chyflogaeth yn cynyddu, ond mae'r gwelliant yn digwydd o sylfaen sy'n eithriadol o wan. Mae gweithgynhyrchu'n gwella yng Nghymru, a'r diwydiant dur yn ffynnu, ac mae buddsoddi gan gwmnïau mawr fel Aerospace yn bwysig iawn. Pwysleisiais hefyd fod aelodaeth o'r Undeb Ewropeaidd yn dyngedfennol i Gymru ac y byddai unrhyw beth sy'n amharu ar ein mynediad i'r farchnad Ewropeaidd yn andwyol iawn i economi Cymru. Yn ein profiad ni mae bod yn rhan o'r UE yn ysgogiad hefyd i fuddsoddiad o rannau eraill o’r byd.
On the economy, I emphasised that although there were signs of improvement across the UK, incomes are still being squeezed and economic circumstances are still difficult for too many of our people. Although unemployment is now declining and employment is increasing, improvement is occurring from an exceptionally weak base. Manufacturing is improving in Wales, with the steel industry doing well, and investment from large companies such as Aerospace of great importance. I also stressed that membership of the European Union is crucial to Wales and that anything that would impinge on our access to the European market would be of great detriment to the Welsh economy. Our experience is that being a part of the EU is also an incentive for investment from other parts of the world.