I don’t think that I could improve upon the devastating demolition that Adam Price conducted of the Government’s case on this, so I shan’t even attempt to do that, but I hope I’ll be able to add to it. This is, in addition, a devastating blow to industrial confidence in Wales and I can’t think that any potential investor in the future could rely upon the word of a Government Minister in this administration.

The Circuit of Wales developers have been led up the garden path numerous times and encouraged to believe that a project, which we now know in the Government’s estimation was flawed from the very beginning, was a practical possibility. What have they been doing for the last three to seven years, as we’ve been through endless due diligence exercises for different reasons, if the most elementary point of all was missed by civil servants in the Welsh Government and by Ministers who ought to know better?

We heard from the finance Secretary this morning in the Finance Committee that he was well familiar with the problems of classification under ONS rules, and indeed the Treasury guidelines—of course he was—and previous finance Ministers too. The whole Cabinet should be aware of this, because it’s a problem that has arisen in many different directions, including in the last year in relation to housing associations and social housing projects generally. If it really were the case that this problem was fatal to the project, then that should have been recognised right from the start and £50 million would not have been wasted by the private sector developers, and £10 million of taxpayers’ money wasted by the Welsh Government in the development funding that they’ve provided. So, I think that this is a major scandal that requires to be investigated independently and I fully support the two amendments that Plaid Cymru have put down. I give way to Adam Price.