It is quite staggering to everyone who listens to the right hon. Member for Islwyn (Mr. Kinnock) how terrified he and his party are of tax cuts. He still thinks that tax cuts are immoral. The Labour party has opposed every tax cut that we have introduced and now it threatens to raise taxes if we cut them. The right hon. Gentleman wants people to let him spend their money rather than spending it themselves. Labour opposes tax cuts when the economy is growing and when it is not.