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We worked out that, at the current rate that applications are getting through the FSA, it will take about 18 years to get a regulated product through, so that gives you an indication.
Bilateral programmes are going on between the UK and France but, when enough bilateral activity is happening, that gets to a tipping point for having a framework.
The cry that one constantly hears is, “I love venison, but I can’t get it. Where do you get it?” I heard that from the previous minister when we were having a venison meeting.
One example was the research and development tax credit, which, as it became more generous for small firms, seemed not only to incentivise R and D itself but to incentivise people to badge their activity as R and D in order to get the subsidy.
That, together with the overcrowding, affects people. They get bored and they do not have enough activities, so they think more about their self-worth.