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Welsh Affairs

I thank my right hon. Friend and hope that he can now get on with the substantive part of his speech. He will recall that in the 1980s, after the terrible onslaught on our basic industries, Wales reinvented itself. The industrial areas of Wales reinvented themselves, and we will do so again. Will he tell the House something about how the Government see the way forward for breaking with the enormous dependence on the public sector? If Wales does not reinvent itself as a home for entrepreneurs, for small businesses and for high-technology industries, we will miss out on the new generation of industries in the future.