Finance Bill

I am enjoying the hon. Gentleman’s treatise on the commanding heights of the economy from a free market perspective. He mentions IT clusters and life science clusters. Dundee is very strong on both of those, particularly the latter, because of private money from the Wellcome Trust and £50 million from Wyeth. With reference to the Bill, does he agree that small companies in those sectors which are trying to grow will be affected by the new SME rules for research and development tax credits? He mentioned science education. Does he agree that the 0.9 per cent. of GDP which is to be maintained, and only maintained, for the next four or five years, and which is going into science education, is not good enough and that there must be a real-terms increase? In terms of the competitive advantage for the nations of the regions, why does he not consider full fiscal autonomy for Scotland and perhaps for Wales, so that we can lower corporation tax rates and really compete not just in the UK or in Europe, but in the world?