Well, that is a naive approach because, as he knows full well, if we are looking to export to markets and those markets feel that we have unfair tax competition they will impose tariffs against us. So, it's not as if the UK has a free hand in all of this. The UK is a medium-sized country, and it's not in a position of dictating terms of trade to others.

I refer him to what Aston Martin said only last week—that a hard Brexit would cause them to stop manufacturing cars. Now, these are not my words; these are words of a company that will soon be a significant employer in Wales, and I suspect we'll see more of that, which is why we need to understand where the UK Government is and we need to see the UK Government's plan and that needs to be soon, because if we're not in a position, I believe, where businesses can see that there is a way forward by the new year, then we will start seeing, I fear, announcements that will be negative as far as the economy of Britain is concerned.