Markets are very volatile creatures. They respond to mood music and the way both the Prime Minister and the Chancellor have successfully talked down this country over the last few weeks, I don't think that has been very helpful. The idea that those hard-nose trade negotiators from Beijing would give us equal or similar access to their markets for a trading block is fanciful. It's only because of animal spirits in the private sector which determines trade. You have to also make sure that people lift or open the gates to your products and services. That is only done through hard-nosed negotiating between trade negotiations. For EU trade negotiating tea many years ago, which was negotiating with Chinese trade negotiators on