Diolch, Llywydd. I'd like to begin by first of all thanking Members across the Chamber, as well as our social partners and our colleagues in every area of public service in Wales, for the huge amount of work that's been done in contributing to and supporting the economic response to coronavirus.

Now, as I will come to outline, we've made a great deal of progress in delivering rapid support through our economic resilience fund through the Development Bank of Wales, and through business rate relief being administered by local authorities, and I'd like to pay tribute to everybody who's helped on that particular front.

Now, I say this because the need for this support could not be greater.  Economies around the world are showing signs of record contractions and significant unemployment. The eurozone economy shrank at the sharpest pace on record in the first quarter, and even the strongest economy, Germany, recorded unemployment rising by 373,000 in April.

There are many businesses in Wales that have already had to take tough decisions. Of those businesses and venues that must currently remain closed, there are over 200,000 employees within those industries in Wales. Over a third of those work within the food and drink industries, and over a quarter work in the retail sector. This is before we take into account, of course, the supply chain impact. But our priority is public health and controlling the pandemic. Without public confidence in that, consumers will not go to shops, people will not travel and workers will not return to offices.