Thank you very much for that, Minister. The importance of the Welsh retail sector cannot be stressed enough. We know that over 110,000 people are directly employed by the industry. Recently, I met with chief execs of major businesses in the retail sector, all of whom expressed their serious concerns with vital detail missing from the Welsh Government's shared strategic vision.

Retention and recruitment are huge problems facing the industry, as they told me, yet the Government's strategy does not outline concrete steps to overcome that obstacle. The chief execs also maintain that freezing business rates next April, a step that the Welsh Government has not yet committed to, would provide a welcome boost, as would an adjustment to the multiplier. Unless these things happen, they warn that Wales will become even less competitive.

Businesses told me that they are desperately in need of stability and certainty. Minister, do you recognise their concerns, and will you do all that you can to look at business rates, including the multiplier, which currently make doing business here the most expensive in the UK? These things will ultimately determine the future of these businesses.