Mr. Seamus Coffey:

Yes. Our view is that if spending is sought to be increased faster than the available fiscal space, that can be achieved by increasing tax revenue.

There are various measures by which that can be undertaken. We do not have a particular view on how they may be introduced or which measures should be introduced. What we want to do is set out the starting point. If we believe that is too little, as some are suggesting, and want to know how we can achieve greater increases in spending, we look at raising tax revenue. The movement of the debate in that direction is positive from our perspective in that we are looking at sustainable sources of funding, but how one should go about achieving those sustainable sources of funding is not something we address.