Llywydd, there are a small number of things in the budget that I do want to welcome, so I'll do that now. I welcome the fact that, in terms of the fiscal framework, we are beginning to see the emerging impact of the fiscal framework in this budget. I welcome the fact that there is a commitment to north Wales and mid Wales growth deals.  I welcome the fact that there's an industrial strategy to go alongside it, albeit with the limitations that others have pointed out this afternoon.

But what the real story of the budget is is that it goes on creating the context in which austerity rolls on into the future, blighting the prospects of so many families and communities and corroding the ability of our public services to carry out the work that is so important in the lives of Welsh citizens. I thought Siân Gwenllian captured very well the human cost of austerity—the way that it works itself into the lives of individuals and of children here in Wales and casts such a shadow over their futures. That's the context in which we are operating, despite the small things that we are able to welcome.

Let me say something about the specifics of the budget to you. You've heard about the £1.2 billion that we apparently have. Financial transaction capital makes up more than half of that. Yes, we want to be creative in the way that we use it, and we will do our very best to put it to good use, but let's be clear: financial transaction capital comes for purposes identified by the UK Government with rules set by the Treasury and has to be handed back to the Treasury when we've made that use of it. It is not money in the sense that we are normally able to deploy it for Welsh purposes into Welsh priorities in ways that this Assembly is able to take a leading part in shaping.

Nonetheless, we will do our very best to make the most we can of those parts of the budget that are in our hands. There is £215 million in revenue for everything that we want to do for public services in Wales for all of the four years. There is £350 million in conventional capital over the same period. Joyce Watson said, and she was absolutely right, that, before this budget, our Welsh budget would be 7 per cent lower in real terms in 2018-19 compared to a decade ago, and this budget leaves our budget 7 per cent lower than it was a decade ago. In other words, it doesn't move the dial on the reductions by even 1 per cent.

Our job in the Welsh Government is still, though, to use all of the opportunities that come our way. We will certainly do that. There will be opportunities next week, Llywydd, when we are able to show some of the plans that we will be developing in discussions with others to use those new opportunities. I look forward to hearing them discussed further in this Assembly.

For today, the Government's amendments simply seek to put the record straight on two points within the motion. We hope you'll be willing to support those amendments, and then we will be pleased to vote for that amended motion.