I'm sure the First Minister will agree with me that it's slightly curious that the Conservative Party always talk about tax as if it was something dreadful. If we didn't pay taxes we wouldn't have public services. We all know that we need investment in our public services going forward.

In response to Mike Hedges, the First Minister mentioned the air passenger duty and the aggregates levy. I know that the First Minister will, like I do, regret what is going to happen on Friday night this week, but it is going to happen. Can I suggest to the First Minister that this may be an opportunity to look at some other taxes that we might want to seek devolution of, over and above Silk? I'm thinking particularly of perhaps the capacity to vary corporation tax, which wouldn't have been possible inside the European Union; seeking possibly the capacity to vary VAT, which might be able to help grow some of our own local and indigenous businesses.

I realise, of course, Llywydd, that the First Minister in this sense is at the mercy of the Conservative Government in London. But I wonder if he would agree with me that with what is bound to be a challenging time economically for Wales we ought to be being ambitious about seeking the levers that we will need to potentially protect our economy from some of the potential negative effects.