I don't see much risk of a blow out in financial credit spreads any time soon. The balance of risk favors some widening but I expect only slight moderation in 2006.
Sentiment is somewhat ingrained now regarding bird flu, but there is not a sea change taking place. People suspect there are risks on the horizon but not so material just yet.
Having several governors from each of our different partners united in a single trust will greatly simplify and speed up the decision-making process. As a result, the school will be more responsive to any new opportunities. We are all ready to put this to public consultation as soon as the bill gets the green light.