I completely agree with the Member opposite. I think it’s time the OBR did look at its revisions and how it revises its revisions on a very regular basis. I wouldn’t take them as a measure.

So, the OBR was projecting a national living wage of £7.60 an hour in 2017. The Conservative motion itself notes it will be 10p lower, at £7.50. This is going to cost the average recipient on the national living wage over £200 a year. Those who cannot afford to lose out once again will lose out. Not only, therefore, is the Government’s announcement lower than it needs to be to meet their own commitment to £9 by 2020, it is lower than the actual living wage of £8.45. It is highly correct but at the same time shameful that failed Tory austerity has indeed produced a highly low age, low investment, high debt UK economy in which productivity is stagnating. Average wage growth is at its lowest according to the Resolution Foundation since the 1900s. That is the reality of this autumn statement.

The Labour Party believes in a full and proper wage for a working day, and that is why we are committed to introducing a statutory real living wage. [Interruption.] I’m sorry, I would, but I really don’t have time to finish my point. Labour will halt the scourge of low pay by creating a new independent living wage review body to recommend an annual real living wage. And under the next UK Labour Government, we will strive to ensure that everyone will have enough to live on.

Finally, I’d like to concentrate on the Welsh Government’s alternative approach. Despite an 8 per cent real-terms cut to its overall budget the UK Tory Government has given since 2010, the Welsh Government has done all in its power to protect public services in Wales from the worst effects of ongoing austerity and fiscal uncertainty. The Welsh Government will continue to do this to mitigate and innovate against the UK’s worst cuts coming.

Welsh Labour in government have shown that there’s a different way to this failed obsession with austerity followed unconditionally by the Tory Government. It has been bad for growth, bad for wages, bad for debt and bad for the people of the UK.

Lastly, it is right to state that the Welsh Labour Government has different priorities to the Tories in England, where huge cuts to local government, social services and public health budgets are already causing chaos and will store up huge problems for the future and for those who need to use those public services right now. It is right to state that it is universally acknowledged that the national health service is safer in Labour’s hands. I respectfully submit that comparison of the UK Tory Government autumn statement and the Welsh Labour Government’s draft budget shows and fully demonstrates that the prosperity of our people is safer in Welsh Labour hands. Thank you.