Mr. Tim Fenn:

We were very happy to come in, present and answer members' questions. At the end of the day, the key point about where we are going in tourism is that 230,000 people are now employed in the industry. The number has increased by 60,000 in the past five years. The 9% VAT rate has been pivotal in that respect. There is an issue with capacity in Dublin and we are doing our level best to see if we can fix it. We estimate that about €1 billion has been put into trying to solve that problem. I hope it will be less of an issue the next time we meet.