My hon. Friend is absolutely right. While we are in deficit we are undoubtedly borrowing money to pay for the overseas aid budget. There is no getting away from that. It is a fact of economic life. Some might think it a good idea to borrow money with one hand and give it away with the other; others might not take that view. It would be an interesting referendum were one to be held on that question.
In one way or another, new clauses 3 and amendments 18 and 19 deal with the accounting period in the Bill. I might have missed it—I am happy to stand corrected—but nowhere in our proceedings have I seen a convincing explanation of why the accounting period by which our success in meeting the target is to be assessed is a calendar year, rather than a financial year, which we all deal in. The new clause and amendments would change the relevant accounting period from a calendar year to a financial year, bringing to the Bill much greater clarity, openness and transparency, because all the Government’s accounts are done in financial years. I cannot see why this aspect of Government expenditure should be any different. I hope that those amendments find favour with the House.