Good morning, and welcome to the 18th meeting in 2014 of the Finance Committee of the Scottish Parliament. I remind everybody present to turn off mobile phones, tablets and other electronic devices.
Our first item of business is to decide whether to take item 5 in private. Do members agree to do so?
Members indicated agreement.
Before we move to item 2, I point out to colleagues that we have a lot of business to get through this morning. I ask members to keep their questions fairly brief; I will endeavour to do the same.
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