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The Budget

The right hon. Gentleman makes a valuable point. I certainly think that that is the sort of detail that needs to be explored. After all, with the money that was Barnettised, the Welsh Assembly Government have that money and they now need to be accountable for how they spend it, and they need to be able to fill in the detail. It will be interesting because, as I understand it, in part 2 of the Holtham report it was also suggested that there may be additional responsibilities for taxation. The First Minister has already ruled that out by saying that he wants no additional powers of taxation for the Assembly to take on board. It is up to the Welsh Assembly Government and the Westminster Government to try to work together to ensure that the outcomes for Wales and the conditions in which business does business in Wales are improved, so that it has competitiveness. With the 21 new enterprise zones that we are setting up in England, we will need to look at the detail, because in England businesses will benefit from superfast broadband, lower taxes and lower levels of regulation, and the business rates collected will be held and used locally. With zones already announced, for example in Bristol, as I mentioned earlier, we need to look at how Wales affords the same opportunities for business, while of course guarding against—the point made by the right hon. Member for Dwyfor Meirionnydd—disinvestment in other areas. We need to say that Wales is open for business and that it is offering less regulation and bureaucracy rather than more, which is what I am afraid of. Already, my Department and the Treasury have offered to work with the Welsh Assembly Government to set up similar schemes in Wales. I reiterate, however, that the ball is firmly in their court. We need to ensure that answers are forthcoming.