John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

My understanding is the point being made is that a transition period has to be developed for the SME sector in order to let that happen. It cannot be a straight line, and then that is it. There has to be a transition period where SMEs would be advised to observe the change in terms of their future and their own investment and direction. It is a sensible way to deal with the question that Senator Burke and Deputy Doherty raised.

I thank the witnesses for their contribution. We will suspend for a few moments while the witnesses change. It will be a quicker transition than last week.