It is worthy of note that economic forecasting is more of an art than a science at the best of times, but more so than ever now. The full impact of COVID-19 around the world is still being seen. The depth and duration of the pandemic means that the economic outlook is highly uncertain, and forecasts will change as more information comes to light, but what they do clearly show is the scale of the economic challenge that lies ahead. I remain committed to managing our books carefully and responsibly. And, right now, being responsible means investing to support our people, businesses, and communities to get through this and to rebuild. This is the rainy day we have been preparing for—now we must weather the global storm. The scale of this required investment will impact the operating position and net debt. OBEGAL deficits will average 9.3 percent of GDP between 2020 and 2022. Careful economic management will see the deficit reduce to 1.3 percent of GDP by 2024. Net core Crown debt is forecast to be 30.2 percent at the end of this financial year, and to reach 53.6 percent of GDP by the 2023 fiscal year before stabilising. These numbers are far in excess of the range that we had been working to, and the levels we had achieved.