1
00:00:01,800 --> 00:00:05,918
Right, thank you, Alice. l think that
just about covers the pension scheme.

2
00:00:06,040 --> 00:00:11,398
Let's move on to alternative retail
options then back to lnternet strategy.

3
00:00:11,520 --> 00:00:15,877
Right, l was wondering whether there
was anything in sales at traffic lights.

4
00:00:16,000 --> 00:00:17,479
Go on.

5
00:00:17,600 --> 00:00:20,672
We're happy to buy stuff at traffic lights -
newspapers, flowers,

6
00:00:20,800 --> 00:00:25,271
get our car windscreen washed -
so that's where we should be investing.

7
00:00:25,400 --> 00:00:29,757
lf we get people standing
at all the major traffic lights of a city,

8
00:00:29,880 --> 00:00:34,351
for a month and get them to sell stuff
to the cars and vans.

9
00:00:34,480 --> 00:00:36,675
Not just flowers, but all kinds of things -

10
00:00:36,800 --> 00:00:40,759
insurance, vegetables,
prams, houses, books -

11
00:00:40,880 --> 00:00:44,509
but we make sure
we sequence the functions properly,

12
00:00:44,640 --> 00:00:49,031
so that at the first traffic light, the driver
buys some vegetables or a pram.

13
00:00:49,160 --> 00:00:52,550
At that light he takes the vegetables
but he drives off

14
00:00:52,680 --> 00:00:56,673
and gives his money to someone
at the second set of lights.

15
00:00:56,800 --> 00:01:01,396
That person then legs it to a third set
of lights where there's a third person

16
00:01:01,520 --> 00:01:07,709
and he writes a receipt for the driver
when he gets to him or her.

17
00:01:07,840 --> 00:01:12,197
- No, l think the lnternet is better.
- Yeah, we should concentrate there.

18
00:01:12,320 --> 00:01:14,311
That's why l called this meeting.

19
00:01:14,440 --> 00:01:21,152
We've taken a big plunge and put £720m
into launching our online service.

20
00:01:21,280 --> 00:01:23,157
That's two thirds of our budget.

21
00:01:23,280 --> 00:01:29,310
But our boys upstairs tell me the return
will be three times as much. David?

22
00:01:29,440 --> 00:01:34,195
OK, well, Colin's asked me to supervise
the launch, so let me take you through it.