Thank you, Mr. Chair. Thank you very much to our witnesses for appearing here today.
I'll start with you, Mr. Moist. On page 2 of your presentation you bring up the U.K.'s experience with its public finance initiative. You conclude the top bullet point by saying, “The Conservative health minister said it helped bring the health system to the 'brink of financial collapse'.”
To the best of your knowledge are all of the 60-plus health trusts in the National Health Service in the U.K. on the “brink of financial collapse”?