I forgot what I said two years ago. I don't know whether I should be flattered that somebody was paying attention. I probably should be.
I don't think the delta on that has changed very substantially. Yes, there are commitments under way to add to the strength of our navy, or at least to replace old stock, but we have yet to, shall we say, really put any of that new capital into the water.
I think there's a lot of positive rhetoric in the Indo-Pacific strategy around boosting our defence capabilities, but at the end of the day, one has to ask, “Where's the beef?” I would say it's still more hat than cattle.