Ms Marie Hunt:

The driving force was that even though we were not in the business of selling houses, we were in the business of commenting on what was happening with land and ultimately that is all related. We felt very strongly that affecting sentiment or panicking people based on hypothetical scenarios that might ultimately arise was irresponsible. That was the justification for our reaction. In retrospect, what we now know is that they were right in the programme but they were not predicting a crash on the back of a global banking crisis. They were predicting it for reasons that ultimately did not materialise.