Dr. Tom McDonnell:

To be fair, that was in the context of Brexit, the huge damage to desirability from an investment perspective and the uncertainty around the UK's position in the Single Market, customs union or whatever.

I would imagine that was a huge drag on investment although Mr. Mac Flynn might have a different view on that. Higher interest rates in recent year are likely to be a dampener on investment generally around the world over the next 12 months.