There is, therefore, a question about looking not just at the marginal rates but at the entire series of taxes on the private rented sector, recognising that the restrictions or higher taxes on the private rented sector affect not just landlords; sometimes they affect tenants, too. I am not saying that you should not follow suit, but I am saying that you should be careful in thinking about that, given that it interacts with other parts of the tax system and that the private rental sector is taxed far more highly than most other parts of the economy, which can have knock-on effects for tenants as well as for landlords.