Mr. John Mulcahy:

No. The woman from the Department of Finance raised this point well. She said there was always going to be a tension between getting the maximum amount of money and acting expeditiously.

Everyone can see that if we held the assets until 2030, they would be worth more than if we sold them today. However, we never had that luxury. In that case, the argument becomes whether it is better to get £1.3 billion now or working out the assets and getting them over a longer period. Fortunately, for me, my judgment was proven to be correct. The correct decision was to take the £1.3 billion in 2013 or 2014.