It is certainly true that it’s taking a long time to clear the deficit, and the current Chancellor has just extended the date at which he claims we will return to surplus to 2025, or possibly beyond, so I don’t have a great deal of confidence in Conservative chancellors in that frame of mind to live up to their rhetoric.

But I have to say that Plaid Cymru offers no answer to this problem either, because, of course, if Wales were to become independent of the United Kingdom, there would then be a massive fiscal deficit that would have to be plugged. And there’s absolutely no way in which that could be done without bringing about a massive contraction in the Welsh economy, which would actually cause a contraction bigger than Greece has experienced since the financial crisis began, because we all know that the Welsh Government—. We all remember that the Welsh Governance Centre provided us with the figures last year, that there is a £15 billion a year fiscal deficit here and that Government spending is £15 billion more than could be raised from taxes within Wales. That amounts to 24 per cent of the Welsh economy. You cannot, in those circumstances, come forward with grandiose plans for spending on capital projects or any other of the good things that we would all like to spend money on if you haven’t got the money and you haven’t got the means to borrow. Certainly, you will never have the means to borrow if you can’t produce a credible plan for how you’re going to pay it back. I give way to Mike Hedges.