Ms Elaine Geraghty:

"Yes" is the short answer. Mr. Muldoon gave you some numbers about bringing it up to 40% and what it would cost the Exchequer to do that. That should be seriously considered in this budget. Immediately, that changes the game. Equally, we compete on tax breaks, location, crew and crew levels. Then it is experience about where they want to be. There are other factors that cannot be controlled, but what are the controllables? They are the tax break, the crew, the skill levels and the cost to do business in the location in question.

We got out of the blocks a little bit earlier this year, in January. The UK was slower but it has ramped completely up right now. The competitors are the UK and places like Prague, as well as Budapest in particular, which is thriving. It is not that we always have to follow what everybody is doing but we need to be aware of what the competitive issues are. They are the conversations I am having.