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I heard no expressions of approval following the hon. Gentleman's remarks, which were pretty disgraceful. Any Opposition Member who says that there has been no recovery in Wales and expects to be taken seriously is living in cloud cuckoo land.
I am pleased to announce that, in the past financial year, 190 offers of regional selective assistance have been accepted by companies for projects in Wales worth £73 million, involving investment of £470 million and 12,500 jobs. I can also announce new projects totalling more than £15 million, involving eight companies setting up, modernising or expanding operations in Wales. They plan to create 425 new jobs and to safeguard 156 existing jobs. The hon. Gentleman must be the only Member of Parliament who does not recognise that the Welsh dragon is breathing fire into the United Kingdom recovery.