We're out of time on this one.
Now we'll move to round two, which is 15 minutes. That will take us pretty much to the end of this first panel. I think our next panel is pretty much set up. Once we go through four rounds of questions, we'll wind this one up.
For panellists on the second panel, who are waiting, you're up in 15 minutes, so get ready.
First up in our second round, for five minutes, is Mr. Maguire.