Yes. I mean, it's difficult, isn't it, to second-guess what would have happened, what might have happened, if the merger hadn't gone ahead, around the financial stability and sustainability of an institution. How do you prove that, if that hadn't happened, something worse or something better might have happened? It's difficult to do that and to second-guess those judgments, but, as I've said, what I am interested in—. And I can't change that decision that was made by a previous Minister—it wasn't my decision—but what I can do is to ensure that any lessons learnt, any evaluation of that particular set of circumstances, can be looked at and can help inform future policy, which is why HEFCW is doing the piece of work. When that's published, you and I will be in a better position to understand whether the aspirations of that particular merger were realised, not realised, and if we were in that situation again, could we do it better next time?
Okay, so you'll reflect on that later. At this point in time, you don't have any concerns about the long-term sustainability of the University of South Wales.
No, not at this point.
Okay, thank you. Janet.