—and it was agreed at the Commission meeting that we would take this cost-saving measure. It was agreed by the Commission.

Look, I must also say that, in terms of the rem board, I think that perhaps the Finance Committee should feel confident in inviting the rem board before it to scrutinise it, and to ask the difficult questions that I think Mike Hedges and others have raised.

In conclusion, this swift exercise in identifying savings is both responsible and pragmatic. I think it gives sight of the storm that awaits us because of the economic turmoil of late, and the fact the economy has now entered into recession.