Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I have another question about the relationship between the discount rate used in the report and the composition of assets. We are saying that a discount rate of 5.5%, which largely covers property in rural Northern Ireland and regional Britain, is equivalent to the rate that should be used to discount high-end property, shopping centres and property in central London. Does Mr. McCarthy not think there is a concern regarding the quality of the property and the rate used? In a way, one could understand the reasons behind the use of a greater discount rate. Mr. McCarthy has already said he has no major disagreement with what the other experts have said, admittedly retrospectively, in the reports they have circulated here.