I agree, of course, obviously, that if a capital project is commercially viable, then it is worth undertaking. The trouble with so many Government capital projects is that they’re not. We’ve seen so many fiascos in so many areas that I don’t think that that’s going to be a very credible policy for spending £500 billion.

As a result of leaving the European Union, we shall, of course, acquire many freedoms to increase the efficiency and productivity, which Adam Price was certainly right to mention in this debate, of the Welsh economy as part of a more productive United Kingdom economy. There is, of course, the Brexit dividend of the money that we pay to Brussels, amounting to about £8 billion a year, which will be available either for deficit reduction or to be spent on the national health service or whatever. There are many other improvements in the way that the economy functions that could flow from the freedoms that we will have to devise for ourselves the systems of regulation that apply in this country, which can be tailored to the needs of the United Kingdom and, indeed, the Welsh economy.

UKIP is going into this election campaign, as indeed into the Assembly election campaign last May and the general election back in 2015, proposing that we have some significant cuts in public spending in certain areas in order to divert the money elsewhere. We would like to reduce the foreign aid budget by £8 billion in order to divert that into worth-while projects like the health service at home. We’d like to slash people’s electricity bills by £300 a year by getting rid of green taxes that produce the forests of windmills around the country. But, most of all, by controlling immigration, we would restrict wage compression, which has affected adversely those at the bottom of the income scale. The Bank of England did a study in 2015 that shows that for every 10 per cent rise in the proportion of immigrants in an economic sector, semi and unskilled service sector wages reduced by 2 per cent. So, the people who’ve really felt the squeeze of mass immigration are those who can least afford to cope with it.

Adam Price was quite right to point out—my last point in this speech—that Wales has 75 per cent of the national UK average as a wage. Poverty in Wales is a disgrace. We’re one of the poorest areas of western Europe, and we need to use these new freedoms that we get as a result of leaving the European Union in order to transform the Welsh economy from the basket case of the United Kingdom to broad, sunlit uplands of the future.