First of all, if we look at unemployment, unemployment is low in Wales, and is often lower than the UK average. In 1999 it would have been fanciful to claim that. We were perpetually above the UK average and that is something that shows the success of what we've done to encourage business and investment.

Secondly, there is a challenge in terms of increasing GVA per head. How is that done? To me, there are two ways. First of all, you ensure that, when you look to secure investment, it's investment that pays highly. In the late 1980s and early 1990s, the policy pursued by his party was to replace well-paid jobs in coal and steel with badly paid, unskilled jobs. So, although the unemployment rate did not necessarily increase, GVA went down because the jobs weren't so highly paid. We saw, at the end of the 1990s and the early part of the last decade, many of those businesses leave Wales because they were going somewhere where wage rates were even lower.

We are not prepared as a Government to sell ourselves to the rest of the world on the basis that we are a cheap wage economy—which is what the Conservative Government did in the early 1990s, on the basis of, 'Come to Wales because it's cheap'—no more. We see the fruits of that. We see, of course, the investment from companies like Aston Martin, we see the further investment in Airbus up in the north, we've seen investments recovered in Pembrokeshire around the port of Milford Haven, all of which are much better paid than jobs that used to come here. That's one part of it.

The second part is training. The question we get asked more than any other when we speak to businesses that want to invest in Wales is: 'Have you got the people with the skills that we need?' They're not interested in cost, they're interested in skills. Increasingly, we can answer that question positively. So, it means working with further education colleges, in terms of apprenticeships, and we have our commitment to 100,000 all-age apprenticeships in the course of this Assembly. It's by raising people's skill levels that we can make sure they can put more money in their pockets, and thus increase GVA.