I agree with both you, Cabinet Secretary, and Siân Gwenllian. I disagree with both of you at the same time, so, take that as you will. The development of the shared prosperity fund is clearly of immense importance to the Welsh economy and our goal here is that Wales should be no worse off after Brexit in relation to the structural fund allowance. I agree with what you said that we don't want a new system where we would be worse off by, in some way, having to bid for this funding, but, at the same time, I think you'd agree with me, Cabinet Secretary, we want to avoid a Barnettisation of the money coming to Wales, because that would also squeeze the budget in a different, but still a very significant, way. 

What discussions have you had with the UK Government about avoiding that potential Barnettisation of the fund? And, also, in tandem with this, the Welsh Government should be developing its own regional policies so that we're in the best place possible to make use of those new funds when they do come to Wales. At what stage are you at in developing that new regional policy that will fit in with the UK Government strategy?