The analysis that has been done so far in Britain has actually equated it to about 1.5% for the immediate future, for the next 10 years, when they've done that. When you look at it for 40 years as Malcolm does, yes, it drops down significantly, but they're looking at people who are 10 to 15 years away from retirement and what that cost is. Again, it depends on how you look at your math, but this is what I've been reading. They figure it's about 1.5%.
On April 20th, 2010. See this statement in context.