Well, yes, that’s an entirely valid point, and that is why we asked for the devolution of some of these taxes, and that is why Plaid Cymru’s amendment specifically mentions tax rates going hand in hand with economic, environmental and social impacts, because there is more to taxation policy than the rate for specific properties. It’s the impact that you want these taxes to drive. That’s what the important thing is, and our amendment encapsulate the aims of the well-being of future generations Act in the way that we have set it out.

So, although we don’t support what the Conservatives have to say today, and we want everybody to support our amendments, of course, I also recognise that it is appropriate that we discuss even the purpose of taxation policy and how it will impact in terms of the economy and trade. In that sense, Plaid Cymru has tabled an amendment that specifically mentions the broader work in terms of taxation policy and properties in Wales. We have introduced a land transaction tax, but business rates is the main tax paid by people year on year. That is the main tax that has an impact on trade and industry in Wales, and that is where the Government’s taxation policy has stated that they want to look at this area, to see whether there are possibilities in terms of improving business rates in Wales. Our amendment asks for this process to be hastened, because I do believe, and Plaid Cymru is of the view, that there are examples here where we could make improvements for the benefit of our local economies.

I will just select a single area as an example of this—and I declare an interest here, because I am chair of the cross-party group on pubs and beer. But pubs, if you look at the impact of business rates on pubs—how that has happened in the reform that happened last year, which led to a number of pubs and hotels seeing great increases in business rates—at the moment, pubs pay almost 3 per cent of all business rates in Wales, but they are only 0.5 per cent of the number of businesses in Wales. So, there is a total mismatch between the number of businesses in this sector and how much rates they pay. They pay some £0.5 billion more than they would do if they were taxed in the same way as other businesses. It’s also anticipated that business rates on pubs in Wales will increase by some 18 per cent by 2021-22.

Now, I’m not asking for that to be entirely changed, but for us to start to move to a system of business rates that acknowledges—as the amendment does—the social and economic value of any tax policy and the possibilities here of ensuring that either pubs or town centre businesses do see that their taxes are based on turnover and profit, rather than on the location and the land only. I think all of these issues are worthy of discussion, so I welcome the fact that we are having such a discussion today, and I look forward to hearing the views of many other Members on this issue. Because one thing that’s certain with the onset of the devolution of income tax is that this will become more of a contentious issue over the months and years to come.