Mr. Derek Moran:

Sorry, it ... we produced a piece of legislation that ultimately we couldn't implement and we went out and we probably ... we should have gone to public consultation and tried to work our way through the issues and we do far more of that now. We did that in 2011, we got 700 or 800 responses to that and we found a mechanism by ... which allowed us cut off the legacy at the end. It's not an easy issue. People have vested property rights etc., etc., and you have to unwind those. So, I mean, I know from my own experience that it's not an easy journey to travel.

The part ... the weakness I think ultimately in, in the ... the phasing out, and this is just ... this is my view, in the '06, '07, '08 is that, you had a decreasing amount of tax relief available, but all the way up to '08 you'd new people coming in at those lower rates and I think that was a mistake. I think it should have been phasing out with ... with no new entry. But, I think people ... you probably have witnesses who were closer to that at that time, before you.