I did anticipate that this is probably in advance of your statement later today, Cabinet Secretary, but, as I said, it’s a very important issue for local authorities, so it does need airing at the earliest opportunity. I hear what you just said. A funding floor, I’m sure you will agree, is all well and good, but, as we know from the Barnett experience, a funding floor can be seen as a quick fix that doesn’t deal with the underlying structural problems over the longer term.

The previous Finance Committee recommended that the Welsh Government commit to a fundamental review of the funding formula. This has been mentioned by Plaid Cymru in the earlier questions. Why have you rejected a fundamental, far-reaching review? I hear what you say about listening to experts across local government and within the WLGA, but why aren’t you considering at least an initial commitment to a future review of the mechanisms for funding local government in Wales? Because, surely, over the long term, a full, structural review that addresses the issues affecting local authorities across the modern Wales will be far better than the continual, piecemeal, annual modification of the existing formula, which is past its sell-by date.