I concur with the thoughts of Mark Reckless and also the Chair of the Finance Committee. The Welsh Conservatives will also be supporting the LCM that has been laid before us today.

I've heard that there are some concerns, if I can put it that strongly, from the UK Government. However, having looked at this myself, I not only don't think that those concerns are justified in this instance, but I also think that, as this Assembly moves forward into the tax-making, tax-formulating, tax-legislation-passing agenda, we need to make absolutely sure that we are futureproofing the legislation that we pass, particularly in an uncharted area like taxation. So, I feel that this LCM is necessary to ensure that all bases are covered, not just today, but also in the future. Once the Welsh revenue authority is up and running and we do have future taxes coming forward, I think this is a necessary step forward and we’re happy to support the LCM today.