Mr. Derek Moran:

-----to maybe 16% each ... to maybe 16% of total. And the big difficulty was ... ultimately, is that those cyclical benefits, which were transitional and based on transactions, they weren't permanent, there was no underlying ... it's not like income taxes, it's not like corporate tax, it's not like VAT, there's no underlying element to it, they were basically transactions, and once those transactions stop, the money goes. But permanent decisions weren't being made on the back of those transitional ... of the transitional taxes ... that tax relief, tax relief or tax reductions were being made on permanent expenditure increases based on that windfall that came each November from those taxes. So it had a profound effect.