Clearly, we mitigate against the impacts of poverty and the UK Government's damaging welfare reform programme. I've recently announced, and it's very relevant to the IFS inquiry, that we're going to commence Part 1 of the Equality Act 2010—the socioeconomic duty—by the end of this calendar year, and once that's implemented, this duty will mean that public bodies must consider what they can do to reduce poverty and inequality whenever they make major decisions.

But also, despite the fact that we've had 5 per cent lower budget in real terms as a result of austerity, which is a key point of this question, equivalent to £800 million less as a result of austerity from this Tory Government, we have implemented the discretionary assistance fund, supporting 214,326 awards to the most vulnerable people in Wales. The council tax reduction scheme is supported with £244 million of funding from the Welsh Government. And what's crucial about these policies that this Welsh Labour Government has taken forward is that as a result of the council tax reduction scheme, almost 300,000 vulnerable and low-income households in Wales continued to be protected from any increase in their council tax liability. We're investing £104 million in the Warm Homes programme to improve up to a further 25,000 homes for people on low incomes. Now, what's crucial is that people can see that we, as a Welsh Government here, are working and using scarce resources with those cuts from the UK Government to prioritise ways in which we can mitigate against the impact of welfare reforms and austerity.