Terry Leyden (Fianna Fail)

Yesterday, we received a good and worthwhile briefing from Ms Geraldine Byrne Nason from the Minister of State's Department. Our biggest fear is the threat to financial services. We cannot jeopardise our position or put ourselves in danger that we will be in a lesser position than London for financial services. It is vital that we protect our interests, as we protect our 12.5% corporation tax rate. These are two vital issues on which we may have to use a veto but we cannot enter into any arrangements that put 37,000 jobs at risk if London has a different rate for taxes on financial transactions.