Mr. Sebastian Barnes:

I think even in the short term it will be seen as not the most harmful tax to increase. I am sure I could find OECD papers that would support that case. One of the things the Deputy has been asking about is the impact on confidence, and of course that is a very difficult thing to measure. Many taxes have risen but it may be the taxes that are most obvious to people that have the greatest psychological impact. However, I am just speculating.