Mr. Joe Howley:

I fully support that. To the foremost of our minds is to support viable businesses and protect jobs. As Mr. Cody said, once a business is viable and can keep its current taxes up-to-date we will work with it. We ask businesses to engage with us and we will work with them. We will work out a very flexible payment arrangement for the warehouse debt that is tailored to a business's individual circumstances.

We orientate our staff to think differently about warehoused debt. In fact, this day two weeks I will hold a conference for debt management staff in my division to reorientate them in that way to think differently. This is different. It is a Government support scheme and, as Mr. Cody said, it needs to be thought of as being in the realm of a loan system. There will be total flexibility on the payment arrangements. In fact, the down payment is almost a misnomer at this stage. We do not need a down payment. All we need is as little as €1 to set up a system in our IT systems.