Professor Alan Ahearne:

I wouldn't overstate it. The main reason we ended up in the programme was because of the scale of the losses combined with the huge budget deficit and everything that was going on in Europe with the euro area crisis. So, there was a big combination of factors. It would have been better ... and it was ... if a number could have been produced and we didn't have to revise up the numbers during the course of 2010 as you explained it. There's no doubt about that. So, I think the revisions would have hurt investor confidence some and part of the programme was to bring in BlackRock to do this very detailed analysis. That was ... turned out to be a very good thing to do. It helped in confidence. So, I think it would be better if we could have got to the bottom of it earlier but in terms of would it have ... would that would have meant that we could have retained market access, I very much doubt it.