Mr. Derek Moran:

That risk is there and it is a question of how we handle that over time. I know concern was expressed, particularly in 2015, about the sudden step change in the level of corporation tax. When we have the data, the Revenue analysis always suggests that there was an aggregate improvement, an overall profitability reflected in it. The national accounts measure of profitability showed that there was a big step change in that as well. It has been maintained in the base. The growth rate in 2016 was approximately 7.5% and we are projecting more normalised levels. I always keep an eye on is the fact that corporation taxes generally contribute within a range to the overall Exchequer take. It is between 10% and 16%. Certainly we are at 15.5% but we are within the normal range.