:00:10. > :00:15.Tonight on the Wales report we are at Westminster for a special
:00:16. > :00:18.programme on today's Autumn Statement. If we will be looking at
:00:19. > :00:24.the Chancellor's measures considering what they mean for the
:00:25. > :00:33.people of Wales, as well as looking at Brexit in a Welsh context.
:00:34. > :00:42.Good evening, and welcome to the Wales Report. The Chancellor has
:00:43. > :00:47.delivered his Autumn Statement. We will be considering the measures and
:00:48. > :00:51.setting them in a Welsh context. The most striking figures concern growth
:00:52. > :00:59.and borrowing, because growth forecasts have been downgraded.
:01:00. > :01:04.Government finances will be ?122 billion worse off and borrowing will
:01:05. > :01:12.increase and Government debt is predicted to increase to over 90% of
:01:13. > :01:15.GDP. One specific announcement, bringing an extra ?400 million to
:01:16. > :01:19.Wales to be spent on infrastructure projects of the next five years.
:01:20. > :01:29.It's more than enough for us to talk about. You can join the discussion
:01:30. > :01:40.on social media. Here are my guests. The Wales Office minister and
:01:41. > :01:47.conservative MP for... Welcome to you all. ?400 million for Wales and
:01:48. > :01:59.infrastructure. The greater scheme of things, doesn't sound like -- a
:02:00. > :02:07.lot. This is on top of the fact that we have had it said this week that
:02:08. > :02:14.Wales is not underfunded any more. On top of that, there is an extra
:02:15. > :02:18.400 million pounds coming down the line. Anyone should welcome that
:02:19. > :02:23.sort of investment in Wales. We need to make sure the economy responds to
:02:24. > :02:29.the challenges we now face, in terms of dealing with our exit from the
:02:30. > :02:33.EU. I trust the Welsh Government to make sure they spend the money
:02:34. > :02:41.wisely. The point about underfunding is not about infrastructure
:02:42. > :02:44.investment. He made it very clear that Wales is no longer underfunded
:02:45. > :02:49.in comparison with England. On top of that we are now having investment
:02:50. > :02:54.into capital spending in Wales. On top of that as well there is ?500
:02:55. > :03:00.million committed to the city deal in Cardiff. He has that progression
:03:01. > :03:05.of the city deal which we are trying to get together for Swansea. And
:03:06. > :03:11.there is the fact that we are still waiting for proposals from North
:03:12. > :03:15.Wales. These are on top of what the Government receives. I think these
:03:16. > :03:17.are very positive from a Welsh perspective and it is important that
:03:18. > :03:22.the Welsh Government priorities spending in a way that will protect
:03:23. > :03:28.Wales moving forward. What you think the priority should be? It is
:03:29. > :03:33.important to recognise the fact that this is investment over five years.
:03:34. > :03:38.It is also a consequential investment over the UK. It doesn't
:03:39. > :03:43.strike me that the Welsh Government have been banging the drum for Wales
:03:44. > :03:47.to get this investment. Clearly, extra investment is welcome across
:03:48. > :03:50.Wales as it is only a drop in the ocean in terms of the cuts that we
:03:51. > :03:57.have had to the Welsh apartment budget since 2010. How much money
:03:58. > :04:04.would labour invest, given the circumstances we are now in, which
:04:05. > :04:07.are less than favourable? The circumstances we are in as a direct
:04:08. > :04:14.result of the failures of the coalition and how will it --
:04:15. > :04:19.Conservative Government. If we had a Labour Government would be in a
:04:20. > :04:24.different position and we would not have seen a significant cuts that we
:04:25. > :04:31.have seen over recent years to Welsh Government budget and public
:04:32. > :04:37.services generally. ?436 million over five years. Someone said to me
:04:38. > :04:42.earlier today it is better than nothing. But what should the level
:04:43. > :04:50.of investment be in the context we are in right now? He's putting the
:04:51. > :04:55.best china he can on these figures, which are Barnett consequentials.
:04:56. > :05:03.Plaid Cymru has considered this from a needs -based approach and the
:05:04. > :05:10.infrastructure commission needs something in the way of 700 million
:05:11. > :05:16.a year. It is worth bearing in mind that this is only 0.5% of what is
:05:17. > :05:19.being spent on the HS two project. What we need in terms of
:05:20. > :05:26.infrastructure, this is just scratching the surface. Were going
:05:27. > :05:32.to see money spent on the south Wales metro, there are already
:05:33. > :05:41.projects in the pipeline. But if ever an economy needed a boost it is
:05:42. > :05:49.the Welsh economy. What you think? This is small beer for England and
:05:50. > :05:56.also small beer for Wales. We get the spread of the Barnett
:05:57. > :06:00.consequentials from that. If you look at it in terms of actual terms
:06:01. > :06:04.it is not a great deal of money that you can do a great deal of things
:06:05. > :06:06.with. I think the challenge to the Welsh Government is going to be
:06:07. > :06:13.heard as it managed to build that money to something bigger by using
:06:14. > :06:17.perhaps private sector investment, borrowing powers, all of that to get
:06:18. > :06:21.a big package together for all the investment is the need to be done
:06:22. > :06:30.for instant infrastructure, railways, broadband etc. I think if
:06:31. > :06:34.you've only got a small amount of money you are going to get and we
:06:35. > :06:37.know why, what you should do is try to match the five that by pulling as
:06:38. > :06:42.many livers as you possibly can to create as much opportunity as you
:06:43. > :06:46.can. Working with the private sector and the borrowing powers, put it all
:06:47. > :06:50.together and see if you can make a real difference rather than just
:06:51. > :06:54.simply writing small checks the small things. The problem is the
:06:55. > :06:59.Chancellor has just acknowledged that growth has been sharply
:07:00. > :07:05.downgraded. If you look into, three, four years' time, people will argue
:07:06. > :07:13.about the Brexit effect, but the figures are there. Are you not a
:07:14. > :07:19.lounge by -- alarmed? Clearly there is a concerned and we need to
:07:20. > :07:24.interest in infrastructure where possible support the economy. But
:07:25. > :07:31.the estimate for economic growth for this year has gone up from two to
:07:32. > :07:35.2.1. And for next year it is still better than the vast majority of
:07:36. > :07:40.European countries. The last thing we should do is talk ourselves into
:07:41. > :07:45.a recession. We need to be careful about that. In terms of my point
:07:46. > :07:48.about using the money creatively, that is something we have done with
:07:49. > :07:54.the Cardiff city deal where Welsh Government have worked with
:07:55. > :08:05.Westminster to boost communities in the valleys. That is money on top of
:08:06. > :08:09.the fund that we already have. To claim that ?436 million is small
:08:10. > :08:13.beer is unacceptable. The Government is saying the ideas for the
:08:14. > :08:21.development of the Welsh economy should come from the communities in
:08:22. > :08:29.Wales. In North Wales, the ideas for the electrification of the railway
:08:30. > :08:34.line, and others, are all coming from North Wales economies. The
:08:35. > :08:40.reason we are having such small amounts of money put into the system
:08:41. > :08:44.is because of the forecast that are dropping us forward of this
:08:45. > :08:48.situation we find us in. On the small amount of money, I think it is
:08:49. > :08:51.important for opposition parties, when they say this is a small
:08:52. > :08:58.investment, they should be brave enough to say how much would they
:08:59. > :09:03.invest. What I would say to you is that we would need to get ourselves
:09:04. > :09:07.out of, and I'm sure we will discuss it later, the Brexit problem that we
:09:08. > :09:14.find ourselves in. All the uncertainty and the downgrading of
:09:15. > :09:18.growth, everything that flows from it, we are in a very uncertain world
:09:19. > :09:23.and that is why we have an uncertain aspect from the Chancellor. We will
:09:24. > :09:29.talk about Brexit and whether we can get out of it. On these figures,
:09:30. > :09:37.because people will be watching, thinking what can 400 million pounds
:09:38. > :09:43.over five years do? What are your thoughts? How should this be spent?
:09:44. > :09:48.I think there are infrastructure projects in Wales needs. The walk
:09:49. > :09:54.south wales metro... There is a need has capital investment in North
:09:55. > :09:56.Wales and across Wales. We are in a difficult situation, there is lots
:09:57. > :10:01.of uncertainty because of the withdrawal from the European Union,
:10:02. > :10:08.and this money go some way towards providing some reassurance and some
:10:09. > :10:12.certainty in terms of jobs. The Welsh affairs committee were told
:10:13. > :10:14.that if there was uncertainty about Brexit money there would be
:10:15. > :10:18.uncertainty about the south wales metro as well. It is too early to
:10:19. > :10:21.see if this money will make a difference to project ready in the
:10:22. > :10:26.pipeline, or if it will make a difference to new projects. That is
:10:27. > :10:33.clearly very important. The Treasury has been very clear that when there
:10:34. > :10:45.is a commitment from the Welsh Government, as long as it is seen in
:10:46. > :10:49.the national interest, that will be. If the scheme is under way by the
:10:50. > :10:54.time we exit the European Union it will be protected. If it is
:10:55. > :10:58.underway. Where is this going to be allocated, when will it appear in a
:10:59. > :11:05.statement or a budget? That is an issue for the Government. This is
:11:06. > :11:08.crucial, European funding committed prior to our leaving the European
:11:09. > :11:15.Union will be protected and underwritten by HM Treasury. I think
:11:16. > :11:17.it is important that we do not again start talking negatively when people
:11:18. > :11:22.are trying to put together plans to make sure that the best use of that
:11:23. > :11:26.European money... One of the things that struck me today with the OBE
:11:27. > :11:34.are is the sheer uncertainty. We have seen this downwards drop. In
:11:35. > :11:38.two or three years we don't know where we will be. We're talking
:11:39. > :11:43.about this as a commitment but where will the come from? The big issue
:11:44. > :11:46.for me is that the Government have only given reassurances up to the
:11:47. > :11:54.point we exit the European Union. What happens after that is a huge...
:11:55. > :11:57.It's very clear we would have no certainty about European funding
:11:58. > :12:03.streams after this round of funding. That is whether we stay in the EU or
:12:04. > :12:08.not. There is clearly a layer of uncertainty. We should pause for a
:12:09. > :12:15.second, because the Autumn Statement was supposed to deal with the sharp
:12:16. > :12:22.challenges ahead for Brexit and those negotiations will play a huge
:12:23. > :12:25.part in defining those challenges. They concern access to the single
:12:26. > :12:29.market and the free movement of people. How can the priorities be
:12:30. > :12:35.weighed up and what would be in Wales's best interests? Before we
:12:36. > :12:59.discuss that letter is here to opposing voices.
:13:00. > :13:08.I think about 40% of Welsh exports go into the single market. Obviously
:13:09. > :13:13.it is vital. We sell about ?1 million into Germany. It is a small
:13:14. > :13:17.part of our business, but that sales going into Germany has created jobs
:13:18. > :13:21.in South Wales. It is in the interests of the EU to reach a deal
:13:22. > :13:27.with us. It is not necessarily the best thing for arson. They need to
:13:28. > :13:31.export to us then more than we need to export to them. The focus on
:13:32. > :13:37.Europe is important but they will have to go on training with us and
:13:38. > :13:43.we will find a way to sell to them. I might not. If some European
:13:44. > :13:46.countries start to bring in the protectionist attitude by imposing
:13:47. > :13:52.higher import duties, we won't be able to import to them. It is not in
:13:53. > :13:56.Europe's interest to give us favourable terms. The question is
:13:57. > :14:01.pushing us in a direction of Partick which is where the debate has gone.
:14:02. > :14:06.A lot of economists don't stink about the minutiae of detail that
:14:07. > :14:10.selling into new markets causes a company like mine. At the moment it
:14:11. > :14:14.is easy and if we could just find a quick way of sorting out that
:14:15. > :14:18.problem called Brexit we could move forward and continue to create jobs
:14:19. > :14:24.in Wales. If we just go for free trade and say, look, we have had
:14:25. > :14:25.enough of expensive food and cars will, we are going to open ourselves
:14:26. > :14:38.up to the Wales -- world. I don't think we should accept the
:14:39. > :14:44.free movement of labour in order to get better access to the European
:14:45. > :14:48.market. Our country has relied on an immigrant labour force since the
:14:49. > :14:53.times of the empire. We need to have people coming in. The free movement
:14:54. > :14:59.of people is working well in our favour. Don't think we will struggle
:15:00. > :15:01.to recruit. The rate at way the population is growing is
:15:02. > :15:07.extraordinary and it is crowded. I would like to have a migrant labour
:15:08. > :15:12.force. People who move house to work are keen and enthusiastic and
:15:13. > :15:20.ambitious. I think the question we need to answer is why should we give
:15:21. > :15:23.Romanians more rights to move to Britain than Australians. Just
:15:24. > :15:35.because they're Romanians and not Australians. That is what the EU
:15:36. > :15:40.imposes on us. What I need out of the negotiations is to find a
:15:41. > :15:43.solution as quickly as possible. In the meantime let's develop
:15:44. > :15:51.arrangements with other countries, but more than anything, I do need a
:15:52. > :15:57.good level of employees and I would like to see free movement. But with
:15:58. > :16:01.sensible restrictions on how much they can exploit the welfare state.
:16:02. > :16:06.I would be unhappy if we ended up with the free movement of labour and
:16:07. > :16:10.very little control over any other policies that we had, because we had
:16:11. > :16:16.to concede all these things to the EU in negotiations. We want to have
:16:17. > :16:27.sovereignty back. If we don't get sovereignty back that, would be the
:16:28. > :16:33.worst possible outcome. So there we had a businessman woman and the head
:16:34. > :16:36.of economics at Cardiff University. Not many prisoners taken there in
:16:37. > :16:40.terms of discussion. Back with my guests. They talked about the single
:16:41. > :16:44.movement and free movement and negotiations. Let's start with the
:16:45. > :16:51.single market and the access we need. Liz, what is Plaid Cymru says
:16:52. > :16:57.about the prospect of access to the single market, given as I'm sure
:16:58. > :17:04.Plaid Cymru does, that Brexit means Brexit. As Laura said on the clip
:17:05. > :17:09.there, that for Wales with a 40% export, anything less than full
:17:10. > :17:14.membership is a disadvantage. Access or full membership. Full membership.
:17:15. > :17:18.But that comes with conditions that are politically impossible. We
:17:19. > :17:22.cannot perceive a situation for the Welsh economy that would be better
:17:23. > :17:26.other than with full membership. If we accept that we are in a position
:17:27. > :17:31.where it is not possible for Theresa May to accept that, are you saying
:17:32. > :17:40.that full access on some terms s would be acceptable. Full membership
:17:41. > :17:45.is our stand point. That is not realistic what, where do you go. We
:17:46. > :17:50.must look at situation where the giving that Wales has an exporting
:17:51. > :17:57.economy, the most advantageous form of that economy. Political reality,
:17:58. > :18:02.if we accept and it is a big if, if we accept that the free movement is
:18:03. > :18:05.a non-negotiatable element for the Conservative Party, where does that
:18:06. > :18:10.leave your view on the single market? For a start, the words are
:18:11. > :18:14.free movement of workers. And I think that there maybe room for
:18:15. > :18:20.negotiation on that and there may well be if we go into the
:18:21. > :18:23.negotiations in a correct way and being able to accommodate and for
:18:24. > :18:27.them to accommodate. Because it has affected other countries. There is
:18:28. > :18:32.room for a dialogue. But clearly Wales need to be as close as
:18:33. > :18:36.possible o' the European Union, not just for our manufacturing, but
:18:37. > :18:42.simply because our agriculture output. A huge amount of lamb is
:18:43. > :18:46.exported to Europe. It is not go anywhere else much and the tariff
:18:47. > :18:51.barriers they would face on free market terms would mean it would
:18:52. > :18:55.decimate the agricultural industry in Wales and I think that we need to
:18:56. > :19:01.find a cheesest poss -- closest possible to get us into the EU. Does
:19:02. > :19:06.Labour see a close route. Where would you like this to end up? I
:19:07. > :19:12.think Wales and the UK voted to leave the EU and we respect that.
:19:13. > :19:18.What we have to make it work for Wales. Businesses that I speak to in
:19:19. > :19:23.my constituency are telling many ethat access to the single market is
:19:24. > :19:28.vital and it has to be a red line for businesses across Wales. Because
:19:29. > :19:32.the jobs and risk to business associated with that could be
:19:33. > :19:36.catastrophic. What is your view on freedom of movement, do you think
:19:37. > :19:40.that is something that will have to be put on the table and it will be
:19:41. > :19:46.part of bargaining process? There are businesses in Wales that have
:19:47. > :19:53.operations across the EU and for them the free movement of people is
:19:54. > :19:58.something that is supported. I think you know it is something as far as
:19:59. > :20:02.Wales is concerned, our public services, they have a huge migrant
:20:03. > :20:07.population within the public services. So that free movement is
:20:08. > :20:11.something again you know it is something we have to negotiate,
:20:12. > :20:15.there was a view within the referendum campaign on that. But it
:20:16. > :20:18.is a sensitive issue. Do you say to people who say, this is one of the
:20:19. > :20:24.elements, we don't like free movement and that is why we
:20:25. > :20:29.supported leave. We have to sort of discuss it and raise awareness of
:20:30. > :20:35.the implications of you know if we don't have access too that single
:20:36. > :20:38.market, what the repercussions and free movement maybe a condition and
:20:39. > :20:47.we have to build that into the negotiations. Liz? Again being out
:20:48. > :20:52.on the street in the area asking people about what mattered and free
:20:53. > :20:55.movement and immigration, but the realisation, when what would happen
:20:56. > :20:59.to the NHS and the people who work there, oh, they can stay. That is
:21:00. > :21:04.fine. What is interesting is we are having this conversation about what
:21:05. > :21:08.this does imply. To me, in Wales, and in communities, what you're
:21:09. > :21:12.seeing is a long-term economic decay and people are so dismayed about
:21:13. > :21:16.that that immigration Israels what has taken their -- immigration is
:21:17. > :21:19.what has taken their dissatisfaction, but with we have to
:21:20. > :21:24.job to make sure that community have hope and immigration is a side issue
:21:25. > :21:29.to some of the economic issues. Is that right? I think we are having a
:21:30. > :21:37.discussion which could have been had before the referendum and people in
:21:38. > :21:43.Wales voted clearly 52.5%. I was on the Remain side, but the message was
:21:44. > :21:46.clear. I don't buy the argument that people didn't understand that
:21:47. > :21:53.freedom of provement came and -- movement came with it. I want as
:21:54. > :21:56.comprehensive an access to the market, but full membership will be
:21:57. > :22:00.difficult, the unless we say to people, we are not going to take on
:22:01. > :22:04.board the message you sent us. We need to be aware of the fact that we
:22:05. > :22:09.are dealing with a democratic decision taken by people in Wales,
:22:10. > :22:15.17 of the 22 local authorities returned a leave vote in Wales.
:22:16. > :22:19.While I accept entirely migrant work verse made a huge and positive
:22:20. > :22:22.contribution, it is the case the people who have suffered from the
:22:23. > :22:27.freedom of movement has been the lowest paid and people in good jobs
:22:28. > :22:30.have not been subject to competition from migrant workers, but people in
:22:31. > :22:34.the hospitality industry have been. People working in the meat
:22:35. > :22:39.processing sector. So there has been an impact upon elements of community
:22:40. > :22:44.and there has been a reaction. Our job is to try and deal with the need
:22:45. > :22:50.to have access to the single market, whip is as comprehensive as
:22:51. > :22:53.possible, but acknowledging the decision taken by people. We don't
:22:54. > :22:58.want to be too negative, because the negotiations with Europe are
:22:59. > :23:02.starting from a position where we have full access, tariff-free access
:23:03. > :23:06.and for every threat and tariff from Europe, then there will be a
:23:07. > :23:10.corresponding possibly threatened action. That is where we need to
:23:11. > :23:15.really work very hard to prioritise what is important for Wales. That is
:23:16. > :23:19.what I'm doing in my Welsh office capacity. But we shouldn't make the
:23:20. > :23:24.situation seem as if it is the choice between freedom to access the
:23:25. > :23:33.market or full tariffs. That is not where we are starting the in. From.
:23:34. > :23:37.It would be good to know what the Government's position is. We have no
:23:38. > :23:44.idea what their landing point is or their starting point. Perhaps you
:23:45. > :23:48.have given us an insight of where Theresa May would start. I'm not
:23:49. > :23:54.going to give any running commentary on this issue. There are two factors
:23:55. > :23:58.that the OBR brought out. First, it is assuming a 10 year decline in
:23:59. > :24:04.trade in the United Kingdom. Ten years. That is what it is saying.
:24:05. > :24:07.That is an assumption on the basis of information from government. That
:24:08. > :24:12.is a good point. That is based on the fact that we don't sign any
:24:13. > :24:16.other trade treaties. They can only look at what we have now. They have
:24:17. > :24:21.no idea where we will be, any trade deals. You're reinforcing my
:24:22. > :24:26.statement that they have made an assumption and you say based upon no
:24:27. > :24:29.information from the Government. If the Government is keen to do this
:24:30. > :24:33.work I'm sure we could come to Parliament and make that decision
:24:34. > :24:40.and come to an agreement as to what we want to see on matters of
:24:41. > :24:46.principle. It is the concern that is causing the problem. Uncertainty for
:24:47. > :24:50.business, workers, for nurses from other countries, they want to know
:24:51. > :24:56.and we want to know and the country needs to know where we are going. It
:24:57. > :24:59.is a poor poker player who shows their hand before the start. It is
:25:00. > :25:03.important that we understand that the Government has a mandate to try
:25:04. > :25:08.and put together a deal for the UK within the EU. I don't think it fair
:25:09. > :25:14.to say we should provide a running commentary. It is not a running
:25:15. > :25:21.commentary. We are asking about the details of tariffs on specific
:25:22. > :25:28.goods. It is strategy. Have been challenged on the tariffs on lamb.
:25:29. > :25:33.That is detailed. If I could, one point, the uncertainty is affecting
:25:34. > :25:40.the value of the pound and that affects, the former chief of
:25:41. > :25:47.Executive of Sainsbury's said an increase. They would be happy with
:25:48. > :25:52.that decline. With a country like Wales, that 5% on household
:25:53. > :25:58.requirements and food and supermarket products will have a
:25:59. > :26:02.real impact. I don't dispute nachlt that You have to look at it in the
:26:03. > :26:07.round. For businesses the uncertainty is the worst part. We
:26:08. > :26:12.are not talking about a running commentary, but some sort of lines
:26:13. > :26:16.of communication as to what the Government, what is their starting
:26:17. > :26:19.points and you know my view is that initially was that I thought the
:26:20. > :26:24.Government were holding things back, but I think they don't know and
:26:25. > :26:28.don't have a plan. Again what is the starting point? It is clear we have
:26:29. > :26:32.announced we are going to take into English law the entirety of the
:26:33. > :26:39.regulations. Why? In order to ensure on the day we leave we will have the
:26:40. > :26:45.same regulations as we have now. And we are starting from be point where
:26:46. > :26:53.we have tariff free access. Why did Boris Johnson announce we are
:26:54. > :26:59.leaving the customs union. Everyone slaps him down. He is the Foreign
:27:00. > :27:02.Secretary. Do they know? Has the Government got a sense of direction.
:27:03. > :27:09.What is the plan. At least we could have a starting point. I have given
:27:10. > :27:12.you the starting point. Access to the single market. On the day we
:27:13. > :27:16.leave we will have the same regulations in place and the same
:27:17. > :27:19.rules and tariff position. Now the negotiations will have to decide
:27:20. > :27:24.whether we move from that, but that is the point of negotiation process
:27:25. > :27:31.and you are asking me questions about elements of market. You're
:27:32. > :27:36.highlighting the fall in the pound, but exporters have been pleased with
:27:37. > :27:43.the fall in the pound. So it not a one way street. I would stress
:27:44. > :27:47.again, the projections for growth this year, when people said we would
:27:48. > :27:51.go into recession. It has been upgraded. We have a minute left,
:27:52. > :27:55.because you have filled the time with your lively debate. A quick
:27:56. > :28:00.word on where you think we will be, because was know have a new budget
:28:01. > :28:04.arrangement and Autumn Statement and that will be a spring staiment. The
:28:05. > :28:09.Chancellor announced that. By the next proper budget, do you expect
:28:10. > :28:14.that the projections put out today by the OBR, that were a rise in
:28:15. > :28:19.borrowing and a fall in growth, that they will be adjusted as the Brexit
:28:20. > :28:27.effect fakes effect, or are you confident the direction is one we
:28:28. > :28:33.can trust. To expect that in four months, I'm confident there won't be
:28:34. > :28:36.much movement. I'm not confident, the Government have failed on every
:28:37. > :28:41.target they have set and growth is down. There is no optimism and
:28:42. > :28:48.today's announcement does little for ordinary people in Wales. Are people
:28:49. > :28:53.confident? Are we feeling there would be growth? No. There is no
:28:54. > :28:58.certainty and the markets and everyone will move in a negative
:28:59. > :29:02.direction. All the prospects are for a down turn and I'm worried we are
:29:03. > :29:08.going to have the same thing next year. Do come back all of you and
:29:09. > :29:12.keep me company again. So that is all we have time for. Thank you to
:29:13. > :29:19.my guests and if you want to get in touch with us about what has been
:29:20. > :29:24.discussed, you can e-mail us. Or you can follow us on social media. We
:29:25. > :29:50.are back next week. Thank you for watching. Good night.
:29:51. > :29:52.We've challenged Radio Cymru's Aled Hughes
:29:53. > :29:56.to promote his programme whilst going down a zip wire at 100mph.