00:00 We essentially had two different things we were trying to balance.
00:03 The risk of going too early, in which case you get all the damages from this with actually
00:09 fairly minimal impact on the epidemic, and the risk of going too late, in which case
00:14 you get all the problems of the pandemic running away.
00:17 Now, as we will, I'm sure, come on to, my view is with the benefit of hindsight we went
00:22 a bit too late on the first way.