Diolch, Lywydd. Can I first of all formally congratulate the Cabinet Secretary on his appointment and wish him every success in what is a vitally important role?

Now, you can’t manage what you don’t measure, so the saying goes. When it became clear that Wales was not going to meet the target of closing the gap, relative to the UK, for gross value added, instead of changing the strategy, one of his predecessors as economy Minister decided instead to change the target.

Now, in the last term, the Government described gross disposable household income per head in its annual report as the best single measure of economic well-being. Given the fact that, in the latest figures, Welsh GDHI, relative to the UK, has fallen for the last two years for which figures are available—it’s now down to its lowest level since 2002—will the Cabinet Secretary accept that, according to what is his own Government’s yardstick of success, he’s failing the Welsh economy? What will he, as the new economy Secretary, decide to do—change the strategy or, once again, change the target?