Edward Timmins (Wicklow, Fine Gael)

I thank the witnesses for their presentation, as always. I have seven quick, snappy questions. In relation to income tax, what is Dr. McDonnell’s view on indexation? If wage growth in the economy is 5% and inflation is 5% - though I know it is at 1% or 2% at the moment - as a taxpayer, one only ends up with 2.5% and actually has less wages. It is certainly something I would support. What is Dr. McDonnell’s view on indexing tax bands and tax credits to match that inflation?