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Three minutes after 10 is the time.

A very good morning indeed to you.

Quarteng and trust, credibility and trust. Credibility and trust, Quarteng and trust. Credibility and trust. Credibility and trust. Quarteng and trust.

I don't know where I'm going with this. It just occurred to me moments before the light came on that

there were similarities between those four words or at least between the two groups of two.

Quartang and credibility, trust and trust. It's a nebulous, intangible thing, credibility,

you know. It is not necessarily, I don't think it follows a logical path. There's a great

piece in the Sunday Times yesterday by Ed Conway, the Sky Economics Editor, that it's not something

that is subject to scientific rules.

It's not like gravity.

What goes up does not necessarily have to come down, and what goes down will not necessarily come up again.

There's no algorithm, there's no calculation, there's no mathematical formula for deciding what credibility is or rather where

credibility goes. And they've lost it. Probably forever. Whether or not they lost it before or

after this U-turn is a question for the ages. My money is on before. In fact, all my money is on before. In fact,

if it weren't for the fact that this morning's announcement hits me personally in the pocket to the tune of

...