Thank you, madam deputy speaker. As the tectonic plates are shifting around us, I wonder whether this is an opportunity for a paradigm shift in our thinking as well. It is absolutely right—and there is broad consensus, clearly—that Wales should not be further impoverished by the decision made through the referendum. But I think it’s also true that, while ensuring that we receive the cash that we were promised is necessary, it’s not sufficient, is it? I mean, we achieved Objective One status in 1999. We won the lottery of European structural funds. And yet, over the period since then, what did we see? Wales’s income per capita actually fell, both relative to the UK and the EU. So, I think this is an opportunity for us to rethink our approach. I think the spirit has to be that what we are looking for—and we are looking now not to Brussels but to London—. We are not looking for charity. We are looking for help to help ourselves. Part of that is financial investment, but part of it is giving us the power, actually, to regenerate our own economy. In the new environment—. Of course, we don’t know what the final terms of the Brexit deal will be, and that will influence the powers that are available to us. But even if we are in the EEA and EFTA, you have the ability to vary VAT. Wouldn’t that be a useful power—not to have left at Westminster, but to be brought here, so that we could actually have a lower VAT rate for our tourism industry? We could look at actually boosting our construction industry through having a lower VAT rate for refurbishment of homes. We could look at corporation tax. We saw Ireland just post a 26.4 per cent increase in GDP, an all-round record, I think, in Europe, largely through inversions, as they’re called—basically, companies moving their headquarters in to Ireland because of the attractive corporation tax rates. Wouldn't it be a legitimate lever of regional policy for us to be able to attract some of those financial services companies that are in a huddle at the moment in the Square Mile and in Canary Wharf actually a bit further west and to say, ‘Well, come to Wales, actually; we can provide you with an attractive business environment’?

Think what we could do in terms of other business taxes. Research and development tax credits—you know, we want to build innovative businesses. We want, actually, instead of playing catch-up, we want to play leapfrog; we want to be ahead of the curve. We could use some of these new freedoms that would be available to us, whatever the terms of the final deal, in order to create that kind of competitive advantage. The patent box was introduced by the Chancellor that gives tax breaks, basically from future income, from patented innovation. In the Netherlands, they apply that to software. Now, if we had that ability in Wales, think of what that could do to an already very, very dynamic emerging sector in terms of software start-ups in Wales. So, I think this is the kind of thinking—you know, in chaos and in crisis, it's not one that I would have chosen, but, actually, change also creates opportunities, and maybe we need to, as well as defending absolutely and holding people to account as to the promises they made and making sure that Wales is not disadvantaged financially, maybe we need to get a bit more creative as well and think about what we could do differently that would give us an edge, that would make Wales the place to be in terms of the businesses of the future. I think that with that kind of positive mindset, we can inspire our own people and our own businesses, and also attract would-be entrepreneurs and innovators into Wales as well.