I thank my right hon. Friend for giving way again. He is making an extremely important point, which is reflected in the west midlands region, where gross value added has been on the decline since the mid-1970s, with the decline in manufacturing industry and the unbalancing of our economy. What he says is absolutely right. With the city deal that we hope to get for Coventry and Warwickshire, we could see that manufacturing base start to increase again, accompanied by an increase in gross value added and a better average income in our area, compared with the south-east and London.