Indeed. Noted. There are chill winds blowing through our economy, Dirprwy Lywydd, and the situation could well get very challenging in coming years, depending on the terms of trade of Brexit. Hefin’s speech nicely summarises many of the discussions we’ve already been having as backbenchers recently in trying to stimulate new ideas and a consensus for a resilient economic policy that can protect our vulnerable communities.

As he mentioned, I held a public workshop in Llanelli on Saturday morning as part of wider discussions that I’m having to try and generate some local interest and ideas for what we can do. What was striking is that people find it very difficult to think beyond the town centre and beyond retail for how local economies can be regenerated, reflecting, I think, a generation of economic trends that have reshaped the industry of our areas, but focused instead on consumer economics as a way of driving forward our economy, and also on roads as a way of reaching shops and of commuting out.

I think we do need to recast that debate, and he’s absolutely right that this can and must be done on a cross-party basis. The ideas that he mentioned on the foundational economy, I think, are key and I look forward to further discussing those with all parties.