Mr. Tim Fenn:

Underlying all of this is that we, as an industry, want to be allowed to grow sustainably. When we grow, we can play an even bigger part in the economy as an important domestic export industry. When and if there are risks to corporation tax receipts or increased demand for social payments, pensions and so on in the future, our industry will be a big factor in the economy's ability to support the Exchequer in meeting those demands. What we are really saying is that taking money from businesses now will handicap them in restoring our industry and bringing it to where it should be to help increase the level of taxes. As mentioned earlier on, when tourists come to this country approximately 23 cent of every euro they spend goes to the Exchequer. Allowing the industry to grow sustainably is an important way of increasing the take for the Exchequer and the economy.