Mr. David Owens:

The State also has to disclose. For recovery and resilience funding, for example, the State must meet all six do-no-significant harm elements of the taxonomy. In the six I named, there are standards listed. About 37% of the spending has to be fully taxonomy compliant. That implies that €700 million or €800 million has to be in that box.

As I said in my opening statement, the EU budget, to which we are net contributors but from which we draw down a significant amount, is increasingly moving towards these-----