Of course it’s a huge gamble to have income tax devolved without either control of macro-economic policy or without protecting income. Welsh income tax is affected by decisions at Westminster. We know it fell by £440 million between 2007-08 and 2009-10, none of which was the responsibility of the Welsh Government. Does the First Minister agree that, if taxes are devolved, we need a mixture of cyclical and counter-cyclical taxes, and that, if income tax is devolved, we need protection from reduction in tax receipts from Welsh income tax caused by Westminster decisions?