I think I’m going to change the aperture a little bit from bus lanes in Cardiff to the world economic outlook. [Laughter.] I was wondering whether the Cabinet Secretary shares a growing global consensus, I think, amongst Governments right across the world that now is the time for infrastructure spending like never before. It may be the only policy lever that we have. One of the few positive by-products of the long recession that we’ve had since the economic crisis is ultra-low or, indeed, negative interest rates.

That historic window may not be there forever, as we’ve begun to see in America already mortgage rates rising as a result of speculation over the infrastructure investment that may result as a result of the Trump presidency. Do we need to grasp this opportunity now with a greater sense of urgency, Cabinet Secretary?