The point I was making to the First Minister was that, as a result of raising the rate of capital gains tax, the revenue raised from the tax fell, not increased. So, consequently, the tax base was reduced because people can postpone realising capital gains. In fact, the people most likely to want to realise capital gains are pensioners who can’t afford to live on their incomes. So, this is actually a tax increase that is aimed very largely at people who can least afford to pay it. [Interruption.] But perhaps the illiterate financial plan that has been put before us by the Labour Party is part of the overall plan that he committed himself to, in my presence in a television studio in Cardiff just a couple of weeks ago, of increasing borrowing by £500 billion a year. Does he really think that the credibility of the UK Government in international financial markets is going to be enhanced by such a stupid policy?