Thank you very much.
I did not have to give you a 30-second warning, Mr. Reed, so thank you.
We're going to the question-and-answer session. The first round is six minutes. I must remind everyone that the six minutes must include the question and the answer, so be as succinct as you possibly can.
We will begin this round with a member from the Conservative Party. The first one up will be Mrs. Thomas for the Conservatives.
Rachael, you have six minutes, please.