Well, as I say, we will have the outturn data tomorrow, which we can look at in terms of the first year, and we always seek to publish as much information as we can, as we turn to our budget setting, so that we're able to have that scrutiny in committee as we undertake the budget-setting work.

I will say, though, that I know the Member has been particularly concerned about the higher rate of non-residential property transactions, but a lot of the data that is reported by industry analysts, so property investments, which are often share transactions rather than land transactions, and they're not liable for land transaction tax or stamp duty land tax. And so, the tax will have no effect on those transactions. So, any attempt to compare those two particular items aren't possible.

I will say that there are other reasons why companies will seek to base their businesses in Wales, and it's not all about the level of tax rates that we have. There will be access to a skilled workforce and the price of land, for example, is an important consideration when properties for non-residential purposes are bought. So, there are a wide range of factors in this, but obviously we'll continue to monitor the situation closely.