The tax strategy group indicated that linking tax bands and credits to inflation – my figures are at variance with those of the Minister – would cost somewhere in the region of €250 million according to the Department's calculations, although there is a variation between the figure given by the Minister sometime ago in his scripted response and mine. This figure of €250 million was based at the time on the pre-budget inflation estimates of 3.2%. However, the decision to raise around €1 billion in indirect taxes means that inflation will be closer to 4.5% or possibly even 5%, thereby further increasing the amount of stealth taxes. Therefore, I am absolutely convinced that the merits of what I am proposing are irrefutable, sound, and should be accepted in principle, perhaps not this year, by the Minister as the way to go in the future to ensure income tax allowances are given in line with increases in the cost of living a la the Bible beautiful, the consumer price index, CPI, as I said previously.