Mr. Francie Gorman:

A long-term approach needs to be taken to this and that we do not only look a year or a year-and-a-half down the line. If we take a long-term approach, all the other issues can be sorted around that.

Finally, I thank the committee for having us in. It was important for me that both organisations were in together on this. We must adopt a common approach to this and ensure we retain our derogation, with the ambition of getting it back to where we were. I thank the Chairman and the rest of the committee for having us in.