Turning to what Neil Hamilton said, I thank him too for what he said about the fiscal framework and those aspects of the draft budget, the free school meals and the treatment of the mega grant that he welcomed as well. I didn't agree with him, of course, on what he said on the £15 million in relation to waste capital. I think that will be money very well spent. We know that if we are able to invest in some new, state-of-the-art equipment local authorities will be able to recycle things that, today, they can't. Today, they go to landfill. With the new equipment in place, those local authorities will be able to do more in this field. That was the persuasive case that my colleague, Lesley Griffiths, put to me during the budget preparation period, and I've been very glad to be able to recognise the strength of the case that she made. Mr Hamilton quoted a figure from the period when Gordon Brown was Chancellor, and pointed out that, when Gordon Brown was Chancellor, he was reducing the deficit year after year, and then pointed to the fact that it had ballooned out of control under the current Conservative performance, but he then tried to say that this was the result of a socialist experiment; I did lose my ability to follow his argument there. But where he gets it wrong is the point that Mike Hedges made: for Neil Hamilton, all expenditure is essentially wasteful, whereas, if you believe in the socialist way of doing things, expenditure is an investment. It creates the conditions in which the economy can expand, and, when the economy expands, so there is a greater flow of revenues in from that expanded economy, and that's the way in which you are able to create a benign cycle rather than the cut-your-way-to-success that we've been offered since 2010 and which has so transparently failed to deliver.

Jane Hutt made a very important reference to the IPPR report and what it tells us about how fair taxation can improve economic performance across the UK economy. I'm very grateful to her for what she said about Nye Bevan. Bevan said that the language of priorities is the religion of socialism, and, in this budget, you see our effort to align the expenditure that we have with the priorities that matter to us most here in Wales. I'm grateful to Jane for drawing attention to the £35 million we are able to replace in the social housing grant. It's one of the things I'm most pleased about in the budget, that we will be able to sustain the investment we make as a Government in that most important thing of providing decent housing for families across Wales who today find themselves living in circumstances that none of us would be prepared to regard as satisfactory in our own lives.

There is financial transaction capital reflected in the budget, but there will be more, I hope, at the final budget stage. I'm working closely with my colleague, the water-throwing Ken Skates—sorry, I'm sure he was trying not to draw attention to that—[Laughter.]—to bring forward a series of financial transaction capital ideas that his department is particularly developing in an innovative way. We are having to use our own budget for the EU transition fund, but we have been able to put £140 million of financial transaction capital into the Welsh investment bank, which is being used particularly to support businesses through the EU exit.

On negotiations on powers for air passenger duty, I'm afraid I've only got bad news to report to colleagues. It is very good that the Welsh Affairs Select Committee has announced its inquiry into this, because it will allow us to make our case yet again as to why Wales should not be uniquely disadvantaged in not being allowed to have air passenger duty devolved to us, but I have a letter from the Secretary of State for Wales addressed to the First Minister only a few days ago, and, once again, the Secretary of State for Wales tells us that he cannot support this idea because he's more worried about England and about the impact of it there—by the way, an impact that independent reports that we have supplied to him tell him does not exist. But he is more worried about his responsibilities to Bristol than he is about his responsibilities to Wales, and that is very deeply disappointing.