 So I'm here at the World Transformed with Ann Pettifall, the director of Prime Economics and she's just done a wonderful talk panel and a wonderful panel. And just picking up on something that you mentioned earlier about the potential limits of Corbyn government or rather the problems that it can encounter, what do you think to people who are talking about the potential for a repeat of an IMF crisis as it's been a scare story that's been spun in the right wing media to some extent? And what we have to recognise is that we're in a very different world than back in the 1970s and we're in a world where actually the IMF is arguing that governments should spend, that they should invest and that they should end austerity and not just the IMF, the OECD and other big institutions. So it's a very different world. In a funny way, those guys want a Labour government and want a Labour government to do something to restore the economy. The economies have not recovered since the crisis. They're still below the rate of economic activity that existed before the crisis. Incomes are 6% or even more than that below what they were before the crisis and that is depressing economic activity, not just in Britain but around the world. So I don't feel that there's the same threat from the IMF and also we are an autonomous country to a degree. We have got our own central bank and our own institutions and our institutions are good and sound. Public institutions, taxpayer backed institutions. So I don't feel there's going to be that sort of threat. There may be a threat of capital flight but again capital is desperate for somewhere to invest that's going to be safe and sound and generate income and activity and so in many ways they're waiting for a government that's willing to invest and spend. So how do we combat that threat of a capital flight? I don't think we can. I think we have to present an economic strategy that people think is viable and I have to say that John is often described as a Marxist but I think John is being very kind of mainstream with these economics and very sensible and very straightforward. I don't think that there's anything really to worry to frighten the horses. That's not to say that there won't be. I'm not saying that but I do think that these markets need a sound government. I remember working on Russia when Russia defaulted on its debts and everybody said this would be the end of the world and no the markets were glad that the debts had been cleared and they all piled back in there because what they want is sound opportunities to invest and to generate income and that's what a Labour government has to give them. So you focus in your strategy a lot on the value of wages the fact that we have to increase the minimum wage and that has a positive multiplier effect by increasing demand because there's this enormous sort of dearth of demand in the global economy and we completely agreed on that but isn't there an extent to which that kind of increase in wages can drive automation that sort of puts that deal somewhat on the rock? Yes, well the point is how much work can actually be automated. There's a great deal of work that cannot be done by machines caring for old people with old timers, creating works of art, teaching children, teaching skills to students. This cannot be done by robots basically but I have a problem with all this talk of robots and robotic and AI it assumes that their limitless amounts of steel, minerals, rare earths you know the rare earths that we use in our iPhones and that are going to be needed to drive these robots come from the Congo and there's finite amounts of those rare earths and even now taking them out their conflict minerals they're called is really expensive and hard but they come to an end there's only a certain amount of that so I think this is delusional about how we can all become a robotic culture when actually we're always going to need human labour. Thank you.