As we know from hearing about factory closures, private sector unemployment is rising sharply. It is important not to blame this downturn entirely on external conditions and we are in danger of doing that. I heard those sentiments in the House today. The challenge of competitiveness would be there even if there was a world economic recovery. We should not console ourselves with the false idea that everything will bounce back once the world economy recovers. The world may bounce back but there is no guarantee that we will bounce back with it and certainly not to the position we enjoyed in the late 1990s.