Part of the debate – in the Senedd at 5:26 pm on 27 November 2019.
Welsh Government has been really clear in terms of the new taxes that it's exploring introducing. So, we're currently exploring introducing a vacant land tax, but, of course, this process has taken a lot longer than we would have hoped, again, due to delays on the part of the UK Government. So, there would be no possibility of introducing a new tax this side of the Assembly elections, but, of course, we have ambitious ideas for what might be possible in the next term of the Assembly, and Members will be familiar with the areas that we're looking at.
So, Dirprwy Lywydd, turning to Plaid Cymru's amendments, the Welsh Government set out a radical, evidence-based approach to reforming our union and we absolutely do not accept that independence serves the interests of the people of Wales. In our view, the constitutional arrangements for a union of four nations must respect the identity and aspirations of each, while preserving the collective interests of the whole, and the governance of such a union must reflect the reality that it's a voluntary union of four parts working together for mutual benefit.
And whilst the case for the union goes well beyond just the issues of finance, it is within the context of this debate that we recognise the gap between money raised in Wales and money spent for the benefit of people in Wales. The last figures of 2017-18 stood at £13.7 billion, and, of course, that gap is met through our membership of the United Kingdom. And the Welsh fiscal deficit equivalent is around £4,000 per head each year.
So, Dirprwy Lywydd, just to conclude, the contrast between the level of investment in Wales during the first decade of devolution and the second couldn't be clearer. Our budget increased by over 60 per cent in real terms between 1999, 2000 and 2010-11—and, oh to be a finance Minister in those days. The percentage of people living in poverty in Wales fell by 3 percentage points, and at the end of that period, the poverty rate in Wales was the same as that for the whole of the UK, despite us having started the period with a much higher rate, and that shows what can be achieved when you have a Labour-led Government in Wales and the UK working together for the many and not the few.