Yeah, I think that's

important.

The first one for me, I suppose the most obvious and the least interesting is politics.

Specifically, political uncertainty, particularly from the US, is giving businesses cover to defer actions.

So we've seen it in multinationals who aren't just based in the US, kind of reducing targets, clawing back commitments, pushing back their net zero targets.

But political noise, while it might affect timing, it doesn't change the underlying commercial reality or the broader regulatory environment.

For instance, we still have UK legislation, EU regulation, you still have existing building standards, investor expectations, tenant requirements, broader customer and consumer expectations.

How are you seeing that?