Mr. Kevin Bakhurst:

There are some very effective safeguards, particularly in the Nordic countries. We have touched on Sweden. One of them is multi-annual. It could be set outside the electoral cycle and that is an advantage. In Sweden, it is five years and they are planning to extend to seven. When the decision is taken, it would be preferable to have an independent regulator involved and for that regulator's recommendations to have real weight in terms of delivery, rather than simply being taken by the Government of the day. That is another safeguard we could have in place.