Dirprwy Lywydd, that budget quite certainly did not produce a windfall for Wales or go far to put right eight years of resource starvation. Our budget, when financial transaction capital funding is excluded, remains 7 per cent lower in real terms than a decade ago. This Government's job is to use every lever available to us to protect our citizens and services from the damage that austerity brings, and to invest, wherever we can, in creating the conditions of a successful future. That is why, in this final budget, you see for the first time the 105 per cent Barnett multiplier negotiated in the fiscal framework between ourselves and the UK Government. It adds nearly £70 million otherwise unavailable to us.

The progressive but proportionate use we have made of our two new taxes—landfill disposals tax and land transaction tax—is forecast to add another £30 million to our revenue resources over the period of this budget. That is £100 million to help us with the vital priorities of investing in our schools and colleges, creating the health service of the future, building an economy with a real social purpose of providing prosperity for all.