What's Your Thoughts About CAPEX?

Business investment is going to play a big role in the fall in GDP next year. I'm actually quite pessimistic about the outlook for investments. There has been this productivity slowed down across the globe, but the UK has experienced it more. And that's one force that pushes down on long-end yields. So we have this low growth outlook. You could argue that long- end yields are capped ultimately. That's ultimately leads to volatility going down.