Thank you very much, Llywydd. Before I turn to the contribution I want to make, I want to make a declaration of interest for the final time, because I am a county councillor for one final day.

It is rather ironic that the Conservatives have brought forward this motion today, as not only is their party against allowing Wales to have the proper economic and fiscal levers available to us that we need to truly and radically develop our economy, but their policies undermine the Welsh economy time and time again.

For decades, Wales's resources have been extracted—that extractive economy you've heard about so many times—by Westminster. Wales was once at the epicentre of the industrial revolution, with our coal and steel firing the economy. But, unfortunately, the wealth accrued left Wales to bolster the economy of the south-east of England. Our resources were exploited, leaving little left for Wales. We now have a legacy of comparative poverty, with one in three of our children living below the breadline, and we have long-term illnesses, incapacity and poor health. Even today we export more electricity and water than we need, but we don't get a penny back in revenue; the profits pour into the coffers of private companies over the border. We also represent 6 per cent of railway track mileage in the UK while receiving only 1 per cent of the current Network Rail budget, not to mention the impact of HS2, which is costing £5 billion to Welsh taxpayers, without an inch of that track being in Wales. The lack of investment in our infrastructure by Westminster has been appalling.