Mr. Ciarán Breen:

It has all to do with the calculation of what we call special damages. So this is the cost of future care, the cost of things like aids and appliances and so on. It almost sounds counter-intuitive but the lower the rate, the higher the amount of damages and the higher the rate, the smaller the amount of damages. It used to be at 3%. The Gill Russell case, which we handled, was a catastrophic injury case to an infant in which the rate was reduced based on economic advice that was available to the court at the time. To give a contrast with that, Chairman, in the UK the current rate is - 0.75% and they link the rate to index-linked Government securities and how they trade, and the rates. That is why we are getting higher damages the lower the discount rate.