Dr. Tom McDonnell:

These are very important questions. Regarding how we can reduce the cost of living in ways that do not impinge upon business, we actually did that during the original cost-of-living crisis. The inflation index for hundreds of different items exploded for many areas, such as food, electricity and so forth, but for a lot of areas, we were able to reduce prices. We were able to bring down the cost of living in various ways associated with universal basic services, whether it be public transport, education, school books and things like that. These all matter. They are small things perhaps at an economy-wide level, but they do help.