Dr. Claire Keane:

Dr. McQuinn will probably want to weigh in here, but I might just point out as well that it is interesting to note this. I had been speaking about indexation or increasing the tax and welfare system in line with inflation. We do not do it as a rule and some countries do have a rule where things have to be increased in line with inflation. Yet, it is worth noting that in our actual outcomes, if we look back over the last few decades overall, we have increased things in line with inflation. It is therefore worth pointing to the sort of certainty that indexation would give to people. I think Dr. McQuinn will probably want to jump in there.