David talks about defence and he talks about house building that would be positive for the equity market in terms of spending priorities, surely.

Yes, indeed.

So if we look across the sectors this morning as how they've responded to the appointments across the cabinet, we're seeing the defence sector rise.

As we've discussed, the chance of greater defence spend now looks significantly higher with Healey appointed as Chancellor.

Also, the housing sector is seeing a bit of a boost.

Again, Healey, he was behind a review which looked as to whether the housing market could do with more demand support.

about 10 years ago, which could suggest perhaps a kind of help to buy.

Do you see anything here at the moment that makes you feel as if you would want to move at all towards the domestic market, which has underperformed the international FTSE 100?