Mr. Richie Boucher:

I will point out that the group margin is 2%. We must take into account liquidity risks, especially as regards mortgages. It is a 25 to 30 year proposition to customers. As such, we must take a liquidity risk for that duration. The Government has taken out a 15-year bond at 2.5%. It is difficult to compare one product or its features with another. We must have subordinated capital. We must have a range of instruments of various maturities to match our different products. We are also required to take into account the weighted cost of capital against products. This must also factor in loss experience. Our loss experience on our UK mortgage book is different. To assist the Deputy, though, we will provide him with our UK and Irish mortgage rates so that he can have an appropriate comparative.