Diolch, Lywydd. As we were reminded last week by the speculation about the future of Ford in Bridgend, and the month before by the debate around the future of Tata Steel, our economy is profoundly vulnerable—vulnerable to the decisions of foreign-owned multinational corporations, vulnerable to external shocks like Brexit or oil price fluctuation, and vulnerable, like all modern economies, to the long-term impacts of climate change, food insecurity and energy scarcity.

The purpose of today’s motion, tabled in my name and in the names of my colleagues Jeremy Miles, Vikki Howells, Hefin David, David Rees, and my friend David Melding, is to consider how you might use the framing of a new economic strategy for Wales to think about how the Welsh Government can help our communities build resilience to these threats. My colleagues will explore some of the ways a foundational approach will make a difference in practice. In my opening remarks, I’ll focus on the case for change.