Ms Francesca McDonagh:

I shall answer that question. I do have these conversations and the answer when we are having them is "No." It depends on the individual. I am not going around passing on personal advice on people's individual circumstances. Let us suppose I was speaking to someone. In two years we may not necessarily have the same fixed rate offer available. The interest rate environment may change. Many of our customers are attracted to three or five-year arrangements because they pay at 3% for a longer period at a time when interest rates may go up and people really want to have certainty on monthly cashflow and outgoings. Our 3% offer over three and five years with cash back is incredibly attractive.