Mr. Sebastian Barnes:

That is a pretty good summary, although there is an important nuance to highlight. As we set out in the report, even with some reduction in corporation tax receipts, we would still get close to or at balance by 2025 if current policies are maintained, which would not be an unreasonable objective. Any adjustment to current policies in this scenario would be modest. The real challenge is in deciding how to pay for elements on top of all that. The Deputy said that there would not be much room for manoeuvre, but I would say there would be no space for these additional elements to be accommodated without there being some offset. If one is planning to improve the quality of public services and spend more money on them, it is not unnatural that taxes would have to rise to balance that. It would not particularly depress the economy, given that money would be being moved from one place to another. It is not an overall consolidation. Rather, it is about ensuring that both sides of the equation are balanced.