Diolch, Llywydd. Last week, as we know, the Government declined to support the Circuit of Wales project, based on the risk that it could be classified as being on balance sheet and, therefore, would have major implications for the Welsh Government’s budget. Now, I’m interested in the decision-making process that led to this assessment in relation to balance sheet classification, as it could arise in a whole host of other projects in the future. We know, from the Cabinet Secretary’s appearance at the Finance Committee this morning, that his department has amassed considerable expertise running into hundreds of pages in this area because it arose in the context of the mutual investment model.

In relation to this specific decision, can the Cabinet Secretary say if the person who prepared the paper on balance sheet classification, which went to Cabinet last week, is part of his team? I’m not seeking a name; I’m just seeking to understand departmental responsibility. Therefore, was the paper in question commissioned by him—by the finance Secretary—or with his knowledge? And did he have sight of the paper before last week’s meeting?