Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 1:59 pm on 10 October 2018.
These are not zero-sum games; it's not one or the other—we can have both, in my opinion, and that's what I'm interested in exploring further. The Bangor study suggests that taxpayer growth in Wales is going to decline from an increase of 0.007 per cent in 2019-20 to -0.11 per cent in 2023, so the prospects for the future under things as they are now—even bearing in mind all forecasts are necessarily provisional and may not turn out as we predict, nevertheless, things are going to get tighter rather than less tight for him. And therefore it makes it all the more urgent to see what we can do to get more wealthy people into Wales, not just because as individual taxpayers they could add to the Welsh tax base but because that might also bring other businesses that they're involved in into Wales as well and Wales could do successfully what the Irish Republic has done, although we don't have control of corporation tax yet, and this is the way forward for Wales.