Following on from Simon’s question on the principles underlying new taxes or levies, can I ask to what extent the future generations and well-being Act and the principles underlying that are enshrined within new proposals? We know that the proportion of elderly people requiring residential care is forecast to rise by over 80 per cent by 2035, less than 20 years hence, alongside a rise of nearly 70 per cent in the proportion requiring non-residential care.

Gerald Holtham and Tegid Roberts have suggested that a hypothecated trustee-led small levy going into a fund, an enhanced social insurance fund in Wales, could fund adequate social care in Wales for the foreseeable future. Wouldn’t this be a fine example of using the principles enshrined in the future generations and well-being Act to guide the development of Welsh taxes and levies and to improve the lives of Welsh citizens?