Mr. John Moran:

I have just given the Deputy some statistics. The Irish repossession rate is less than 0.25%, whereas the number in the United Kingdom is about 3%. Depending on how one wants to play with the statistics, one could consider moving from 0.25% to 1% as a very large increase because it would be four times as many, but one is starting from a base which is uncharacteristically and unnaturally low relative to the scenario in other similar situations. I could give the Deputy numbers. I could look at and imagine what would happen and, depending on how I wanted to present the numbers, could describe that, as the Deputy did, as a very significant raise in the number of repossessions because even in moving to a figure of 1%, which is still only one third of the number in the United Kingdom, we would have four times more.