Well, let's just look at the facts, the figures. Since 2004, Welsh productivity growth has been fourth highest of all the UK regions and nations. The fourth highest. We are coming from an incredibly low base, I would admit that, but since devolution we've performed incredibly well, especially in recent times. If you look at some of the other measurements supplied to the economy, such as gross domestic product, which recently showed Wales outpacing the UK average, we are performing very well indeed. But, of course, we have Brexit looming and that could lead to a contraction in the economy.

Against this backdrop of uncertainty, we are investing in facilities that are designed to drive productivity, such as the advanced manufacturing research centre, which will open in November in Deeside. That facility alone will have a GVA contribution of something in the region of £3 billion and will drive innovation and the diffusion of innovation across the aerospace and automotive sectors in particular. But we're also investing very heavily elsewhere, for example, in the National Digital Exploitation Centre, which, again, is designed to drive innovation and skills development across the Welsh economy. There are a plethora of enterprise hubs and facilities similar to enterprise hubs that we've been able to fund across Wales, designed to encourage and support entrepreneurs to grow their own businesses and to share experience with other entrepreneurs.

I'm confident that with a record number of businesses in existence, with unemployment at a near-record low, with employment at a record high, and inactivity at a record low, the Welsh economy and the Welsh workforce are well placed to meet future challenges. But that's not to say that Brexit will assist. If anything, Brexit is going to be a major challenge that we are going to struggle to overcome, unless we get the financial support through the Kingfisher fund and other funding resources from UK Government.