Mr. Bob Parker:

With regard to the rates holiday question, by all means we need to square the circle but if rates holidays lead to a better blend, better occupation and a more complete offering in our towns and city centres, as a retailer I would welcome that. We welcome competition. It keeps us on our toes. It keeps us hungry. It keeps us looking for innovation. It keeps us having to continuously improve upon our service levels and makes us sit back and think, and not get complacent. I would be in favour of that provided it was part of a coherent strategy with a finite end point, if that makes sense. In terms of a planned, co-ordinated approach to it, I would welcome full occupancy with the right blend that complements the offering - to go back to the complementary statement - and gives the consumer the choice. Again, may the best man win in a competitive environment.