Part of 2. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:58 pm on 26 June 2019.
Well, we have developed a very good relationship, I think, with the OBR, and they've certainly been keen to support us as we develop our new taxes, for example, in terms of modelling what they might be for us when we do get to the point at which we are able to provide them with some parameters for the research work.
But I think that, as the Member says, as we move towards the next Assembly elections, it will be for all of our individual parties to set out what we will seek to do with income tax. So, if we were to raise it, what would we spend the additional funding on, and if we were to reduce it, where would the cuts fall? Because, of course, for every penny that we increase or decrease the rate of income tax by, that would have a £200 million impact on the Welsh budget. So, I think that we all need to be very mindful of that. But I don't have concerns about the service that we are receiving from the OBR. I think that we're working very well with them, but, were there concerns, I would certainly raise them directly.