Mr. Paul Sheridan:

As many of our members would have experienced working in the UK, the NEC is probably the best option for a contract. Again, it would be very good for attracting new talent into the industry because it would be internationalised. It would be good for growing out business in the export sector. That is important. The formula itself has to be stress tested and we have to see what way it pulls out the numbers. Right now, the 15% is way too high. Normally, one would see approximately 2% to 5%, perhaps.