Thank you very much, Mr. Lawford.
Now we're going to go to the question-and-answer segment.
The first segment begins with a six-minute question and answer for each one of the parties on this committee. The six minutes includes questions and answers, so everyone please try to be succinct so I don't have to cut you off. This allows you to expand on some of the things you may not have been allowed to say in your opening remarks.
We will begin with the Conservative Party and Mr. Waugh.
Kevin, you have six minutes.