Mr. Sebastian Barnes:

I certainly agree that economic recovery is key, a good thing and welcome. The Government has played its part in that, partially through the massive support measures put in place in respect of dealing with Covid-19 in the form of payments and supports to businesses. Equally, the Government has also contributed by increasing other forms of spending, and particularly capital spending. Therefore, the Government is contributing a great deal to recovery and we welcome that. Looking at the medium term, though, as we set out in our report, the resources from the growth we expect in that period have largely been committed to existing spending programmes or will be needed to meet requirements stemming from things such as population aging. Growth in itself is not going to generate a huge amount of resources to finance new things. We basically think it is not going to provide any space for that at all because that space has already been committed. Over the medium term, therefore, from 2023, we do not see a major need for fiscal adjustment. There need to be a little bit, but nothing on the scale of what has been-----