Well, there's been some discussion between officials, but the detail is scant. Our position remains clear that economic policy is a devolved responsibility in Wales. We should be given the replacement funding we were promised two years ago: Wales would not lose a penny of funding. The reality is that the UK Government has very limited powers to directly fund and deliver regional economic development in Wales, in any event, without further legislation. It would drive a coach and horses, of course, through the devolution settlement that people have voted for on two occasions.

Now, we, of course, will continue to develop our own policy in terms of developing our economy, but it's absolutely crucial that there's no attempt at a power grab if the shared prosperity fund fails to respect devolution.