I must confess that when I first read the motion, that, following Brexit, Tata Steel in Port Talbot has a better chance of survival, I thought it was a sick joke. I don’t want to begrudge those who campaigned to leave the EU their moment to enjoy their victory, but I would ask them not to be flippant. I have constituents working in Port Talbot, and hundreds of families reliant on the Trostre works in Llanelli who are deeply worried about the fallout from the decision to leave the EU, and today’s motion is insensitive to their concerns.

The early signs, I must say, are not encouraging. The downgrading of the UK’s credit rating has already led to a halt in business investment in Wales. Just yesterday, I was told that a major pension fund had pulled out of a development in south Wales because they cannot put money into an economy that does not have a AAA rating. Grand claims about the benefits that will flow to us from being outside the EU already appear hollow, and the backtracking on the promise of extra money for the NHS is not encouraging.

Of course, the truth is we don’t know what the trade and tariff arrangements will be. It is possible they might be better. I doubt it, but let’s be generous and optimistic; they might be. But the fact is that it’s uncertain and is likely to be uncertain for several years to come. That uncertainty poses a significant risk to the future of the steelworks in the short term.