Thank you, Deputy Presiding Officer. Last year, my predecessor published our cross-Government economic mission. It was clear then that a return to business as usual was not an option. The response to the pandemic has accelerated many of the existing trends across decarbonisation, digitisation and the impact of an ageing population. For businesses, the pandemic also brought very real trauma. The resilience shown by so many is remarkable and serves as a testament to the creativity and passion that drives businesses across Wales.

The Welsh Government has since committed to progressing the mission in a new programme for government, and Members will recall the statement I provided on this last October. In that statement, I set out my ambition to create the conditions where more people feel confident about planning their futures in Wales. In the face of a volatile recovery, I also made clear our commitment to provide as much certainty as we can to help businesses plan ahead.