The levelling-up fund White Paper makes for an interesting read, doesn't it, First Minister, with references to Renaissance Florence, Jericho's Byzantine empire, if nothing else, but it also references the levelling-up that happened in Germany after reunification, explaining that £1.7 trillion was spent there up to 2014, being £71 billion a year over 24 years. The levelling-up and shared prosperity funds combined don't provide for even 10 per cent of that level of funding. As you've just been setting out, First Minister, Wales will be £1 billion worse off under these plans than if we'd not left the EU, despite the promises from the Tories that we wouldn't be a penny worse off. But, as well as that, it's the question of how these funds are spent. Gone will be the strategic oversight we had with Welsh European Funding Office and in its place comes a pork-barrel process, with councils pitted against each other in a battle to get funds from Westminster. So, First Minister, do you agree with me that the levelling-up agenda is nothing more than political spin, when the Tories are in fact reducing the level of structural funding and depriving us of the ability to spend it strategically?