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Amendment of the law

Those are efficiency savings. I do not accept the notion that they are the cuts in spending that the hon. Gentleman suggests. I was explaining the investments that we are making in green industry and the £400 million of funding for that. It is clear that we understand the role of Government in supporting these industries of the future; I do not believe that the Conservatives do. Let me turn to the third question, on which, again, the shadow Chancellor did not want to focus—how we face the challenges, including on the public finances, in a way that is fair. We have set out some pretty clear objectives on efficiency savings and plans of how we can get those savings—[Hon. Members: "How?] Five reports were published on Tuesday about precisely what needs to be done. Again, there is a difference of philosophy that the shadow Chancellor probably will not want to talk about. He now says that he accepts the higher top rate of income tax, but he did not mention his uncosted proposals on inheritance tax, which are still out there and have, I think, been reaffirmed. This is an interesting point, given that we are in the middle of a time when resources are scarce. The shadow Chancellor made his promise in 2007; he now has an opportunity to move off it. Indeed, the shadow shadow Chancellor, the right hon. and learned Member for Rushcliffe (Mr. Clarke), gave him a heaven-sent opportunity to do so when he said:""I don't think we're going around any longer saying this is something we're going to do the moment we take power"." Just to be clear about the proposal on inheritance tax, it represents an extra £200,000 each for the richest 3,000 estates in the country—£600 million. What is extraordinary about the shadow Chancellor's judgment and priorities is that at this moment, of all moments, he continues to think that that would be a good way to spend resources. He says that there will be posters around the country. I can tell him that there will be posters all round the country talking about his commitment on inheritance tax—people all round the country will know that his priority is a tax cut for millionaires. If he wants to challenge the idea that it is a tax cut for millionaires, he is welcome to do so, but the figures are—