We, on these benches, would like to welcome the increase in the tax-exempt amount up to £180,000. Would the Cabinet Secretary similarly welcome the tax cut by the UK Government that made this money available to him? Will he also reflect on whether a written statement is really sufficient to announce changes in tax rates, as he considers the evolving financial procedures in this Assembly?

Could I also ask him is he now engaged in tax competition with England? I think, perhaps, this increase to £180,000 may mitigate the risk of first-time buyers perhaps looking to buy over the border, but actually people who are buying a second or further time—does he think the reduction of up to £1,100 at the £180,000 mark may be sufficient to encourage people to come and buy in Wales? And is that something he would welcome?

Could he also just clarify: is this a grand statement of progressive politics, what he's doing with land transaction tax, or is it just a sensible alignment of the tax rates to the level of house prices prevalent in Wales?

Finally, last week, he said that the commercial 6 per cent rate would lead to just a small number of thousands being raised. On the basis of other data given to us by his department, we calculate it as at least £2.7 million a year. Could he look again at his calculations, and will he at least keep that 6 per cent rate under review in light of its impact on development across Wales?