That's great. Thank you.
Thank you to all of the officials for the very tight opening comments. It's really appreciated.
We're going to now get into our first round of questions. For the members, we should be able to get through at least the first two rounds and, possibly, a bit of the third.
Welcome, Mr. Morrice, to our committee, as well as Mr. Fonseca.
If there is time at the end, Mr. Morrice has requested time, which would require unanimous consent unless somebody offers their time as we go through the rounds. We'll deal with that when we get to the end.
First up, we have Mrs. Stubbs, who will have six minutes on the clock.