Thank you very much for raising the important point that it's not simply the quantum of money that is important, although that clearly is—it's actually how that money is made available to us to allocate to our Welsh Government priorities. We can't see a rolling back of 20 years of devolution through attempts by the UK Government to power grab in this area. Proposals such as a city deal kind of scenario for using that money are completely inappropriate.

There is no role here for the Secretary of State for Wales. This is very much funding that the Welsh Government needs to be allocating to meet our priorities in our communities, because we have the local knowledge, the understanding and the necessary networks to ensure that we make effective use of such funding here in Wales.

We're very, very clear that the baseline of the Welsh Government's block grant must be increased every year in line with the level of funding that we currently receive from the EU every year, without any clawback or top-slicing of that funding as well. I would just put on record again that we're extremely frustrated at the lack of detail from the UK Government with regard to the shared prosperity fund.