Martin Arnold

I think it will.

I think they're moving in the right direction.

But I would say that, you know, the Bank of England feels like the UK is different to the US.

One is that banks represent 70, 80% of the funding of credit to the economy, whereas in the US, it's 30 or 40%.

So a much greater reliance on banks here.

So we have to be more careful.

And the second point is the

that in the US there is a much more liquid capital market sector.

And that is different here because we don't have quite as liquid and deep capital markets as the US does.