Mr. Fergal O'Brien:

Business is investing. Business investment is increasing and has been for the past year and a half. It is not as much as we would like and the main reason it is investing is that the export economy is performing strongly. We will have a record level of exports this year. We have very little spare capacity in the export sector. We are seeing our export companies investing more than have been in previous years. The domestic economy remains particularly weak. The vast majority of our 7,5000 members are operating in the domestic economy. Our suggestions here are around the pensions issue, where we are advocating for an early release of the additional voluntary contribution, AVC, component of our pensions. The suggestions around the home renovations sector is to some degree trying to normalise a credit flow in an economy that is suffering because of the changes in the past couple of years.