The Irish Fiscal Advisory Council, IFAC gave a very stern warning to the Government yesterday about our level of expenditure. What I want to raise is an important project that the Government could get behind to try to grow our domestic enterprise and entrepreneurial activity in Ireland. I gave a presentation to our parliamentary party in relation to having a national, fully supported accelerator grown and developed in a newly redeveloped IFSC. The country needs this to happen. Given my own party leader's disinterest in it, maybe it is something the Tánaiste might take up. It is important because it could grow our tax base in Ireland and support young entrepreneurs, and we could be proactive about how we grow our domestic tax base.

I thank the Deputy for his constructive contribution and the idea of an accelerator project for the IFSC. If the Deputy sends me on the details of it, I will be very happy to engage with him on it. I suggest that my colleague in the Department of Finance, the Minister of State, Deputy Troy, who has responsibility for international services, and I could have a discussion in relation to that. I would be happy to facilitate that.

IFAC has a really important role today. Groupthink brought us to a moment of economic ruination before. It is important to have critical voices but the big learning from IFAC is the need to get the medium-term fiscal framework nailed down before Christmas so that we anchor our spending and taxation plans for the next number of years.