But the tone was fiscal conservatism, wasn't it? That's not the kind of progressive politics that we want to see from a change of Government in Westminster.

Now, in response to the Chancellor's statement, the Minister for Finance and Local Government here called on the UK Government to use its tax levers more equitably. But is that an approach that you as a Government are also prepared to powerfully consider? That's the phrase you used, First Minister, in considering whether to maintain the 20p basic rate. Now, I accept the context for that has changed, but you could, in these renewed conditions of austerity that we're about to face, look at using your other income tax levers and raise the higher and additional rates, consistent with the principle that broader shoulders should be asked to carry the highest burden. Spain, a socialist Government, has introduced a solidarity tax; Germany already has one. In these difficult times, is this not a principle that we must now consider embracing here in Wales?