Mr. Michael Tutty:

To keep us on the trajectory we are supposed to have under the EU rules, which is heading towards the 60% GDP figure, we would not see that as the appropriate level in the long term, but until we get there we should continue to go down towards that. If we implement the fiscal rules in terms of complying with the expenditure benchmark and getting our deficit down to minus 0.5%, that will automatically get our debt level down as a percentage of GDP or anything else we want to measure. We are saying we should keep heading towards where we are supposed to be going and use the extra resources that will become available when we have got to our medium-term objective. That will automatically lead to a reduced debt to GDP or debt to any other item over time.