Firstly, can I say, with the committee looking at expanding the quantum of money available to me, I'm willing to work with anybody in this Chamber who is in favour of expanding the quantum of money that is available to our schools? As I said in answer to Mohammad Asghar, I'm under no illusions about the real challenges facing our teaching profession, and this is what austerity looks like. It's not an abstract concept. This is what austerity, prolonged years of public expenditure being squeezed—this is the reality of what it means out on the ground.

As I said earlier, in some ways, direct funding of a single formula does not, in my view, address the issue of the diversity of educational provision that we have in Wales. It undermines the law that we currently have, which says that this is the democratic decision-making responsibility of our local authorities, and would be incredibly difficult to do at a continuing time of austerity. It might be easy to do it if budgets were rising and we could have a floor below which nobody dropped, but, given the challenging financial circumstances we find ourselves in, it would be incredibly challenging to do so, and to think it is simply as easy as that—one only has to look at the discord across the border in England with how direct funding of schools has worked out for them.

Presiding Officer, perhaps in answer to the question about what more we can do, I would like to take this opportunity to announce to the Chamber that, following the statement that was made by the finance Minister last week, in 2019-20, I am allocating £47.7 million to meet in full the identified additional estimated pressure for maintained schools and further education colleges in Wales arising out of changes to teachers' pensions, and I hope that this will be welcomed across the Chamber and by individual schools.