Martin Mansergh (Fianna Fail)

I do not believe that to be their motive.

I have been told by an independent financial journalist who does not work for the Sunday Independent that it is well-to-do property owners who wish to keep the carousel going. Members should be under no illusion as to the origins of this campaign. I have stated previously that I am not against moderate and well considered reform of stamp duty. However, I have little sympathy for some of the agitation about the matter.

I will revert to the legislation which is welcome. Governments which held office during the past 20 years are to be congratulated for being exceptionally responsive to market challenges and opportunities which helped to maintain Ireland's competitiveness and put it on the world map of financial centres. It is a tremendous achievement.