So, you don't accept, then, that there hasn't been a clear funding commitment from Welsh Government to those reviews—the Diamond and Reid reviews?
With regard to Diamond, I would absolutely refute that. We have been very clear and we have shown HEFCW our analysis of the figures going forward in relation to what is sometimes called within the sector the 'Diamond dividend', although the Diamond dividend is never as big as people imagine the Diamond dividend to be. But we've been absolutely clear with HEFCW and the sector on what that will mean. Now, with regard to Reid, those are ongoing discussions that form part of the normal budgetary process within the Government, but I think we have been as clear as we can be with regard to Diamond.
Okay. The second question, really, is about HE and FE and it's about European funding, which, of course, has been and is on a multi-year basis, which gives, I think, a lot of security and comfort to the sectors, knowing what the budgets will be over a period of time. So, moving from that to a yearly budgeting situation would be worrying. So, would you commit to introducing multi-year funding settlements for HE, and indeed for FE, moving forward beyond Brexit?
Shall I take this and give you a little bit of a break? She's not very well. I think the multi-annual nature of the European funding programmes has been very, very useful. People can plan, you can get staffing in place, you can have really strategic aims and I think that's really useful for the institutions involved. Of course, what we don't have is multi-annual budgeting from the UK Government. So, whilst I think we would, in an ideal world, like to see a better view of what's coming our way, it's extremely difficult for us to be able to offer that without having that multi-annual funding commitment from the UK Government. So, I think that will be a major, major loss for the institutions concerned. Of course, it's not just about ESF and apprenticeships—it's also about ERDF funding. So, you mustn't forget that, actually, there's been a lot of ERDF funding that's gone into these institutions. Swansea University, you'll be aware, has been practically rebuilt with ERDF. Also, FE colleges—we've got Coleg y Cymoedd, the college in Blaenau Gwent. These have been built, largely, with European funding. It's because of the multi-annual nature of the fact that we've been able to prepare for them that they have been able to progress. So, that will be a huge loss, but I think it's really important that we don't forget the ERDF aspect in addition to the ESF impact that there will be on these institutions.