Ms Patricia Callan:

I will respond on the banking issue and explain it. Obviously, I have done a great deal of work on banking for small business during the recession in about ten different initiatives the Government introduced, which was great. However, the most fundamental initiative was the move from asset-backed lending to cashflow lending. A business is much more risky in terms of forecasting cash than is the case with what an individual employee might earn, yet we are able to do that.

We can, reasonably and with proper assessments, still look to determine the future cashflow of that business. There must be other ways than having the traditional bricks and mortar. To get a business loan it used to be necessary to back it with an asset, and that is no longer the case. A person can back it with a personal guarantee.

The Deputy is saying this is a multidimensional problem and that there are many different facets in the economy. I am also suggesting looking at all those other areas to see how people's lot could be improved by tackling those broader issues which are the outcomes.