Thank you. Well, we've heard much of your general thrust, including your acknowledgement that we need devolution of powers within Wales, which is precisely what the North Wales Economic Ambition Board is calling for in its growth bid. Could I suggest that an alternative model might be the collaborative regional approach developed in north Wales by the North Wales Economic Ambition Board, working together in strategy, prioritisation and, increasingly in the future, delivery, where we know the evidence from mergers in all the sectors is that big is not always more beautiful, cost-effective or efficient?