I’d like to thank the Member for also being the first to ask a question of a committee Chair, and I will certainly pass on his congratulations to the enlightened people who came up with this idea. I’d also add my thanks to the previous Chair and the previous finance Minister for their work in this regard as well. A lot of what I said in the statement was building on—as he knows, as a member of the previous committee—the work of that previous committee.

I think he raised two specific questions with me. First, how we deal with tax and spend. Yes, I think the scrutiny of that is an open issue for the committee and the Assembly to debate. My own preference would be that we did it together. I think you look at tax and spend together. I think looking at it in the round is a preferable way to do that, but other institutions have other ways of doing it, as he pointed out, and I think that that’s something that we need to bear in mind, learning from other places, but never copying other places, necessarily.

A tax review mechanism, I think, is an interesting point. I think it brings us, really, to the heart of why taxes are being devolved in Wales. It’s not simply as an administrative function, as might have been thought of, it’s a key thing that actually empowers Welsh Government and powers the accountability of Welsh Government, because for the first time we’ll have a Government that’s responsible for part of the revenue that it spends. I think any Government, therefore, would want to have a process by which it reviews that tax revenue and would have a mechanism for the most effective way and the most efficient way of raising taxes. I think that will keep the committee very busy for the next five years.