Wow, lots of interesting questions there, Chair. So, I'll take the end of your question first, and that's about the reforming or reconsidering the way in which we raise local taxation. So, one of the items within our programme for government is a commitment to do just that—to look at the way in which we raise local taxes, with a view to making the system fairer. Back in February, I published a report called 'Reforming Local Government Finance in Wales: Summary of Findings', which looked back at all of the work that we commissioned over the last Senedd term, looking at different ways to be more progressive in the way in which we deal with local taxation. And ideas were tested by the Institute for Fiscal Studies, Bangor University, Cardiff University, and they included very radical change, such as moving towards a land value tax or changes to the existing system, which might be a more regular look at the value of properties, or something potentially slightly more simple, such as the increase in the number of bands at either end of the system. So, lots of choices there, and it's my intention to continue to consider that report, to have some further discussions, to listen to the views of colleagues, and then, ideally, to come to a determination on the way forward in terms of the future of local taxation fairly shortly, so we can start making some progress on that important agenda.
In terms of managing the two separate sides of my portfolio, I've had to deal with that in the past, although not to such a great extent. In the previous Senedd, my responsibilities included the budget, as they do now, for the Welsh Revenue Authority, for digital, for statistics and so on, so I have had budget responsibilities within my own personal portfolio previously. I do intend to keep the two roles separate, and the organisation is quite used to dealing with things in that way as well, because I'm not the first finance Minister to have also held the local government portfolio. So, there is some institutional knowledge about how to keep those two roles appropriately separate. And I think it does mean that it is really incumbent on me to be absolutely straight with local government, because I can't promise them something that I can't deliver, which is really important. So, I've set out and been clear with them already about the real challenges that we face in terms of our budgets for future years.
And then the first part of your question was about the unallocated resource that we are holding. We are holding significant unallocated resource at the moment. That's not unusual; the Chancellor in Westminster is also holding significant funding, as are finance Ministers across the world in terms of responding to the pandemic and the issues as they arise. So, it's important that we have that element of flexibility, but that said, I have been undertaking a piece of work with colleagues, as I've mentioned, looking at their requirements to continue to respond to the pandemic, but also to deliver on that recovery work. And it will be my intention to make some significant allocations very shortly as we get all of those returns in—take that chance to look right across the piece to see what is needed across Government to respond to the needs across Welsh life, and then to make allocations as a result of that.