Mr. Donal McNally:

Well ... the ... we would have taken the view that there would have been a cost. And ... to my ... I'm telling a story against myself but I estimated that the cut in CGT would cost something like €19 million, but over the next four or five years, the revenue increased by tenfold, so there was obviously a behavioural change. People used the lower rate to cash in. So I mean, wouldn't say we opposed the cut. We pointed out the consequences there might be, which, in my case, it was wrong, plain and simple.