Mr. Tom Considine:

I hope not. I did see, you know ... and the problem with tax reliefs really again, in a political system, is ... and particularly when you have area-based tax reliefs, originally they tend to get introduced for some specific reason which kind of makes sense but very quickly then demands start to come in, like, "Well, we should have some as well", and so on, so they can get out of hand. And, I suppose, when you look at those tax reliefs, I mean, they should have been phased out earlier. But I have to say that the reason for that was there was a great nervousness about doing this. Back in 2000, you know, the Bacon reports and so on, when they moved to make purchasing property less attractive to the buy-to-let people, and they saw the consequences of it in terms of higher rents and all that, it made everyone in the whole system - in fact, I reviewed those papers - it made them very nervous about touching the property market and it wasn't until, you know, 2004 that ... you know, that we actually set about ... and there was a good job done on it then but, I think, obviously with the benefit of hindsight, it should have happened a lot earlier.