Well, Llywydd, I don’t, myself, find it surprising that the M4 relief road is not referred to in the Cardiff capital deal document, because funding the metro is actually a specific and major component of that deal, and the funding that underpins it is already set aside for metro development.

Let me be clear on the position as far as capital borrowing is concerned. The Welsh Government was offered early access to borrowing, with that borrowing predicated on it being available for the M4. In the event, as I explained to the Finance Committee this morning, I’ve not needed to use borrowing for capital costs for the M4. In this financial year, I’ve been able to cover them using conventional capital. All of that was overtaken by the fiscal framework, which was signed in December 2016. The Welsh Government will be able to borrow £125 million in 2018-19, and that will rise to £150 million thereafter, up to a total of £1 billion. But that borrowing is not hypothecated to the M4. Finance Secretaries at the time will need to take a decision on the balance to be struck between conventional capital and borrowing for the M4, should that go ahead, which is dependent, as we’ve said, on the outcome of the local public inquiry.