Mr. Bernard Byrne:

It will have two impacts. One will be on the confidence of the entire chain. The developer side, the builder side and those who finance the builder can now see how consumers can afford to get the deposit together to buy. That is a very significant issue and should mean the supply side has the confidence to start. The second impact is that the very long period for which people had to save, as well as renting when rents were rising very rapidly, will reduce very significantly and this will broaden the range of people who have access to deposits. People will not have to rely on others to gift them a deposit but will have the income to get one and that will have a societal benefit. It will also have a benefit from our point of view because it opens the field up to a wider group of people, namely, those who have good sustainable income but were struggling to find the deposit. That is my interpretation of how events will play out but they will unfold in the way they unfold.