Dr. Thomas Conefrey:

I wish to add a point on FDI. Dr. Cassidy mentioned that one of the potential drivers of higher FDI in Ireland is the diversion of FDI from the UK. It is important to note that a lot of the studies in the UK on the impact of Brexit anticipate a reduction in FDI inflows to the UK. In the event of Brexit taking the form of a WTO-type shock the numbers are quite big - a reduction of about 25% in UK FDI. The partial diversion of some of that to Ireland, in line with its current share of FDI, would be-----