Diolch, Llywydd. I'd like to move the amendment tabled by my colleague Neil Hamilton. UKIP tabled amendment 1 to highlight the situation we find ourselves in with regard to the Welsh economy.

Both the Conservatives and Labour blame each other for the dire economic situation in Wales, when in fact they're both to blame. Labour have been in charge of Welsh economic development for nearly 20 years, but failed to improve our economic performance. The inept handling of EU structural funds saw the downfall of Wales's first First Secretary. Unfortunately, lessons weren't learnt from this and, as a result, billions of pounds were wasted and failed to improve our economic fortunes. Objective 1 funding was supposed to be a once-in-a-lifetime opportunity to improve Wales's economy. It’s a damning indictment of successive Welsh Labour Governments, propped up by other governments, that Wales continued to qualify for EU funding.

Labour’s first economic strategy promised to close the GDP gap with the rest of the UK. They even set a target of 90 per cent of UK GDP by 2010. Not only did we not achieve that growth, our economy went backwards. The target became an aspiration and became history when it was quietly dropped.

Various Labour Ministers now blame the Tory UK Government for Wales's poverty, but during the first decade of this Assembly we had a Labour Government and a Chancellor who believed in massive borrowing and spending, and in that time our economy went backwards.

We do now have a Tory UK Government who have massively curbed public spending because of the fiscal mess left behind by Gordon Brown. However, they are also partially responsible for the mess we find ourselves in. Since 2010, the UK Government have saddled our economy with more debt. Yes—debt used to fund—