Eluned Morgan draws attention to the long-term impact that leaving the European Union on the wrong terms would have for Wales. The budget I laid yesterday grapples with the immediate consequences of losing potentially European funds that otherwise would have come to Wales. But the long-term impact of lower growth in the UK economy, with everything that that would mean in terms of tax receipts and money available for public expenditure, is the greater long-term anxiety. For yesterday’s budget, it’s beyond the scope of the one-year revenue budget that I was able to lay, partly because of the uncertainties that she points to. Undoubtedly, if we were to see cuts on anything like the scale suggested in that leaked document, the implications for Wales would be very serious indeed.