Well, thank you, Brexit Minister, for yet another Nostradamus statement with regard to Brexit. Whilst we in the Brexit Party understand that it is prudent to make preparations for every scenario with regard to our exit from the EU, including a 'no deal' Brexit, can it be said that those preparations are in fact prudent if they're based on wild predictions about a 'no deal' being a disastrous result, particularly for the Welsh economy? It appears that project fear is still being perpetrated with no real substance to the conclusions being drawn. Almost every piece of evidence instanced in your statement replicates the arguments used against us not taking up the euro. We all know how ludicrously false those predictions turned out to be. I note the comments with regard to the Tory Party appeasing their grass-roots members, but surely it can be said that Corbyn is equally obsessed with appeasing the fascist left of the Labour Party. You say there is no mandate for a 'no deal' Brexit. Well, we've just had a European election, and just in case you didn't understand, the name Brexit gives an idea as to what the party that won that election actually stands for, and we were very clear about the fact that we would countenance a 'no deal' Brexit.

Let's just look at some of the positive aspects of a 'no deal' scenario. A 'no deal' Brexit would mean that we do not pay the £39 billion now being contemplated. If there is a 'no deal', it would mean that this money could be used to subsidise our own industries, not those on the continent until such time as new, more lucrative markets are found. This would, of course, include our farming industry, and, in fact, subsidising the Welsh farming industry would be a tiny proportion of the total money saved from our not belonging to the Brussels debacle. You assert that job losses at Ford, Schaeffler and Calsonic are a result of uncertainty over Brexit, but that is an uncertainty spawned by remainers' refusal to accept the democratic vote of the British people. You of course conveniently forget the Bosch decision to move their plant from Miskin to Hungary, aided by European grants, with a resultant loss of 900 skilled, well-paid jobs.

We must remember that 95 per cent of Welsh businesses have nothing whatsoever to do with exporting, and an even smaller percentage involved in exporting to the EU, yet there is a considerable cost to every business complying with EU rules and regulations. Coming out of the EU could boost British and Welsh businesses by giving them greater freedoms to produce.

Perhaps we should consider the British fishing industry. At this very moment, there are 84 Dutch trawlers using the electronic stun fishing technique in what will be British waters after Brexit. This method of fishing is having a disastrous effect on crustacean and fish populations. It is said they're ignoring EU rules by claiming to be scientific vessels. In fact, British fishing grounds have been plundered by foreign vessels for close on half a century. So much for the oft-lauded European environmental legislation. Incidentally, our British trawlers are actually banned from fishing in the Mediterranean.

If we really are serious about preparing for a 'no deal' scenario, we should not be using it as a tool for promoting project fear. There may well be some downsides to leaving the EU, but all impartial economists predict this to be short term only. The UK has proved time and again that it has a hugely resilient economic base. We should not be afraid of Brexit, whichever form it takes. Better a 'no deal' scenario than that contemplated by some Members of this Assembly or, worse still, that envisaged by Theresa May.