I was wondering if we could return to the demise of the Barnett formula, rumours of which may have been exaggerated. We heard earlier in the week from the First Minister for Wales that it was going to be scrapped. Kezia Dugdale, the leader of the Scottish Labour Party, as we know, is on the record as saying,

‘I’ll keep the Barnett formula today, tomorrow and forever’, which sounds pretty definitive to me. Now, the First Minister said that he has spoken to Kezia Dugdale. Well, on rare occasions, he even speaks to me, but that doesn’t mean that we necessarily agree. So, I was wondering if the Cabinet Secretary could bring his usual calm rigour to this question, and tell us what is meant by the long-term reform of how the UK allocates public expenditure that is set out in the Labour manifesto. Does it necessarily mean removing and replacing the Barnett formula? What’s the timescale of that reform, and when would its effects begin to be felt here in Wales if there is a change of Government at Westminster?