Mr. Kyle O'Sullivan:

If I may add one point, given that the profile of our receipts is predominantly in the agricultural area rather than in the cohesion area that is probably one of the factors which will protect our reputation. We have drawn down significant cohesion funding. We have been very good at spending it. We have very good absorption rates, very good rates in terms of proper spending and correctness about that and the cohesion receipts are falling and have been falling for many years and that is correct. We have a large agricultural sector and we are operating that very well and very much in line with the Common Agricultural Policy.

I do not think it is necessarily a problem. It does come up occasionally in negotiations. It is not a key factor but sometimes it does arise and people are aware of it. We are very good at implementing EU common policies and we do it properly and well. We make no apology for it. We have a large agricultural sector and that is very important to us. We feed a lot of Europe. I am not sure that it is directly a drawback to our negotiations but it is a fact.