Mr. Niall Cody:

The Chairman is absolutely right, if the UK leaves the EU there is a series of formalities. I know the Chairman understands how the logistics industry works and he talks about hauliers picking up loads in Germany or wherever and that they hope to pick up consignments in the UK on the way back. That is part of the ordinary model of how the freight industry works but some of that will not be sustainable. The model will cause significant difficulties because if a truck breaks its transit arrangement in the UK, depending on what the UK does, it could generate additional burdens and when the truck comes into Ireland it will not be in a transit arrangement. The model for courier freight operators will change. The model will not be as viable as it is now.