Mr. David Doyle:

Well, the guarantee said that the Government was going to stand behind the banks to stop them collapsing and ruining the country; that had a price. The price of not doing that, of letting them fail and ruin the country would have been far greater, so if you're subtracting the answer to that second bit from the first bit, it didn't have a cost, but there was a huge cost and the cost was caused by that drastic increase in lending by the banks. The alternative would have been a nightmare for the country.