Llywydd, I agree that there is a case for the reform of the business rate system. It's why we will bring forward proposals to reform the appeals system. It's why we've agreed to bring forward by a year the re-rating exercise for business properties. But if I understood the Member's suggestion rightly, I would not agree that what we need to do is to reform the help that we offer small businesses in Wales in order to siphon help away from them and to provide it to large multinational retail outlets.

The nature of the retail high street is changing, and it's certainly changing in Newport, and old ways of just trying to make the previous model work faster will not sustain retail into the future. We want to work with the sector to be part of the necessary reform. We want to use the millions and millions of pounds that we invest in rate relief schemes to create sustainable retail businesses for the future.