Thank you very much, Deputy Presiding Officer. As other Members have done, I would like to start by saying a few words of thanks to the Finance Committee and to Llyr Gruffydd for their work on this report, and to all the stakeholders across Wales who've provided evidence as part of the committee’s inquiry and to everyone who has spoken in so supportive a way during this debate today.

I’m going to use my time to respond to some of the recommendations in the report and to build on some of the points that have been made this afternoon.