I've spent 10 years waiting to get a new bus station for Cardiff, and I'm absolutely delighted that the Welsh Government has stepped in to build the bus station, because, for reasons that I have yet to fully understand, the money that we should have been receiving from section 106 from all the other commercial transactions that have been taking place on Central Square, which, by the way, was where the old bus station was—. I don't understand completely why there wasn't sufficient money from all these commercial transactions to pay for the bus station, but, clearly, that was not sufficient and that is why the Welsh Government has stepped in.

I think that the fact that they bought the land on 29 March is for a completely different reason, which seems to have passed you by, which is that it was the end of the financial year, and it is well known that Governments, like local authorities, like many other organisations, wish to get money out of the door at the end of the financial year in order to account for it in that year rather than possibly seeing the money going on to something else.

So, I'm absolutely delighted that the Welsh Government has bought this piece of land, and, in due course, I have no doubt the buildings above the bus station, once they've got planning permission, will no doubt reap rewards back into the Welsh economy as soon we've got purchasers for it. This is a temporary measure to ensure that we get on with the bus station that's so crucial to having the integrated transport system our capital city needs.

So, I think the message from this section of your motion is deplorable and is completely contrary to what we are trying to achieve. My message would be, picking up on what David Melding says, that I think it's clear that we do not want people to come to Wales if they simply want to speculate on the value of land, nor do we want people to come to Wales if they want to clean up dirty money, which, sadly, London is awash with. I think that the land transaction tax is a very fair way of raising money on what is a restricted resource, which is, namely, land.