The economic case against independence is infected by old thinking.

It has long been assumed, largely without challenge, that Wales is simply too small, too weak and too poor to make its own way in the world.

It follows from this attitude that we are doomed to eke out a living, subsisting and dependent on Westminster subsidies and being told what to do by the London establishment is an intrinsic part of the bargain.

The price of being a perceived subsidy baby is obedience.