That's an easy way of an accountant to be able to ring-fence cash and take it out of what they consider to be appropriate and to protect and justify what I believe are unreasonable levels of expenditure.

Let me quote some other figures to you as well. Labour in Labour-led local authorities are sitting on 57 per cent of the £1.4 billion that is held in reserves across Wales. Ten local authorities have increased their reserves since 2016, in spite of austerity, and this means that the increase in Torfaen, for example, has gone from 2 per cent to 21 per cent of their cash in reserves. I think this is absolutely barmy, and it's certainly not fair.

It's not fair either to local authorities in north Wales, which have consistently seen their settlements to be worse than those in the south. So, we have rural areas set against urban areas, we have areas that have older populations set against those with younger populations, and we have north and south set against one another as a result of this dreadful funding formula, which is well beyond its sell by date.

So, we have these pressures, and we have to address them, and that's why we're calling for an independent review—not a Government stooge that's appointed to do a review, not an internal review within the Welsh Government of this funding formula, but an independent review by somebody who is suitably qualified to take a look at all of these different elements in the funding formula and to come up with something that is fairer to the citizens of Wales, no matter where they might live.