Thank you, Llywydd. The bottom line—and the Farmers Union of Wales's number crunching proves it—is that it's a hatchet job on the rural economy, and that's a sign of what's to come.

The Finance Committee report warns that the internal market Bill opens the door to the UK Government reducing funding to Wales via the block grant. It gives powers to Westminster to decide what is best for Wales, and they don't have any mandate to do that—that mandate rests here. For three years, the UK Government has failed to publish its plans for replacing the EU structural investment funding with a UK shared prosperity fund. I'm beginning to think it's a ghost fund. I'm beginning to think it doesn't exist. Either they haven't done those sums, or they don't want to share those with the devolved administrations.

The internal market Bill is a direct risk to devolution, as many commentators have said today, and, therefore, the stability of the UK. It's against the settled will of the people of Wales. It's nothing short of a smash and grab, and at the same time, it's outside international law insofar as it currently stands.