We will be supporting these regulations. We feel that they are acceptable rates. It's quite right that Welsh needs are reflected in this way, very different to other parts of the UK, of course. That's the purpose of devolution. It is disappointing, as the Minister highlighted, that there hasn't been co-operation from the side of the UK Government in preparing for these changes. It raises the question whether we will face doing this again after 17 November. Perhaps the Minister can tell us if there have been any discussions that have happened or will happen in the context of what will be announced by the Chancellor in Westminster on that day.

We of course welcome the fact that there are higher rates for certain types of properties. We also acknowledge, of course, that raising the threshold, as the Conservative spokesperson mentioned, is something that we would all like to see happening, but there is a balance that needs to be struck between protecting sources of revenue, particularly in the context of the cuts coming from Westminster. You can't have your cake and eat it—I'm not clear if it works in Welsh, but I'm sure that you're getting the gist.

The only other point that I would make, of course, is to look at the bigger picture. Suggestions have been made on making more creative use of the land transaction tax in trying to encourage the delivery of policy here too. I'm thinking specifically of the suggestion that there should be reductions on this tax on properties that are either improved in terms of being energy efficient before their sale, or perhaps in the year or two after their sale, and that individuals who deliver that could be given some kind of repayment or reduction, because that's the time, of course, when people do invest in works on their homes, and I do think that this tax could work harder in encouraging people to retrofit their homes, and, of course, there would be recognition of that in that the tax was used to encourage it. Thank you.