Dr. Kieran McQuinn:

We see that in the consumer sentiment indicator that we do and have done for quite a good few years, where the downturn in consumer sentiment since October-November of last year is quite significant. We have not done enough empirical analysis yet but the decline in consumer sentiment domestically seems very much to be almost directly linked to when there was heightened reference to no deal as far as this issue is concerned. If consumer sentiment is trending downwards to the extent that it is, that almost inevitably has a knock-on impact on consumption. Brexit is already impacting on the domestic economy.