Can I thank Russell George for his final set of questions and say that we have been hugely ambitious during this current administration term? We established the Development Bank of Wales—the first major regional development bank in the United Kingdom—and that's been a huge success. So, we do not fear establishing new bodies to drive prosperity. I do welcome the OECD's work in scrutinising the Welsh economy and structures for investment and economic development.

We're going to be working with the OECD in the months to come with a view to responding in detail to the recommendations. I'm open to ideas and I have been open to ideas during the past five years, but we have to ensure that the development of any new agencies or bodies does not duplicate what is currently being delivered and will be delivered into the future. We must consider, I think, therefore, the role of the corporate joint committees that are being established, which bring together local authorities on a regional basis. They are a very, very significant development and I would not wish to see their success impaired or put in harm's way by the accelerated development of a half-baked idea concerning regional development agencies. And that's why it's absolutely essential that we carefully consider what the OECD have recommended, and consider whether, in light of the creation of CJCs, such agencies would be required and if so, whether they would be desirable. And we have to do that in social partnership with local authorities, with business, with the unions and with key stakeholders.