I am going to part company with my colleagues on this point. I'll take an opportunity later on, if I may, just to explain the context of what I think about regulation in general, but I'm very, very cautious about the blithe conversations about investigatory powers. It's very easy to draw the conclusion from what has happened to the PCC that what it lacks is investigatory powers, but I think we have to be very careful before we encourage systems in which people are going to have the freedom to wander into newsrooms and find things out. That actually is not a particularly good idea in general and I think we have to be extremely careful about how we set that up. I'll leave it at that for the time being.