Mr. Adrian Cummins:

I will take that. We would welcome it. Having grown up in a post office, I think that would have been a prime opportunity to have had a post office outlet as a point of contact for a third banking force. It might be a missed opportunity. It could possibly include credit unions too. We have set up our own microfinance. We have a €30 million fund for peer-to-peer lending through grid finance. It is a form of leasing for our industry. If a restaurant wants to lease equipment, the payback is through credit card payments per day based on its levels of business. If it takes in €1,000 in a night, it will pay 10% of €1,000 as opposed to having a flat fee across the year.

The national minimum wage will go up in January. We have wage inflation. The Low Pay Commission looks at it but I think this morning's report from the National Competitiveness Council has raised red flags about competitiveness, and wage costs are part and parcel of that.

On work permits and the abuse of work permits, we fully endorse that the laws should be adhered to and anyone found in breach of those should be prosecuted. The Oireachtas could bring in what is called a trusted partner scheme for work permits. That is where companies such as Google or other large tech companies are seen as trusted partners, whereas small microenterprises are not allowed into that because of scale. It is easy for the Department to deal with one large organisation that has 1,000 people working in it as opposed to dealing with a small to medium-sized enterprise with ten people that is trying to find one staff member. We need to look at that and roll it out. When a company is seen as a trusted partner, it is allowed to get permits fast-tracked, but if it steps outside the scheme, its trusted partner award is taken off it so it may not be able to look for a work permit in the future. I will defer to our president about the Irish Music Rights Organisation, IMRO, Phonographic Performance Ireland, PPI, and copyright.