The second point: the proposition that the Minister was in a new environment and quantitative easing and we had no idea that would lead to higher rates of interest, particularly over the course of the bonds—which some are extending out to 10 years—is again absurd because many economists knew about this. People like Charles Goodhart and a number of other monetary economists knew about this and were talking about it. And, of course, we have had periods where we've had quantitative easing before—actually in the history of the world, Mr Robertson—it wasn't just a one-off issue.