Alistair Bunkall

And I did say, well, you know, I mean, that's okay.

That's all very well.

And I was talking to the EU commissioner.

But in the short term, is that going to make an effect?

And his opinion was, it might well do.

If member states drop or lower taxes, for example, on electric vehicles, then what they have seen in the past, particularly after the Ukraine war, is that people will buy electric vehicles.

And so I think it's a combination of long-term and short-term planning.

But it is definitely an indication of the EU trying to make itself more self-sufficient, more autonomous.

No, I mean, America in America is self-sufficient in terms of its broadly sufficient in terms of its energy production.

And so that is why they have a bit of a cushion, a bit of a pillow against what is happening in Australia.

But only only to a certain degree.

The globalized economy means that you're never shielded entirely from world events at all.

You know, again, already, if we go back to aviation, I think quite a few of the American carriers have, again, raised ticket prices.

We're getting – I mean, Matt used to live in America.

He'll know better than I do.

But we're getting towards that sort of – that summer sort of exit season when everyone gets on the roads as well.

Petrol prices are high.

That is when people in middle America start to –

Start to feel the pinch, start to see the squeeze and start to really pay attention to all this going on thousands of miles away from where they live.

And then you can get onto food prices as well.