To me it's scandalous that it's not on air. So what we're not doing is building every year on what we've already got.

I wouldn't be arguing that we should throw them out, but I think we need to look at whether they are doing the best job possible in view of all the change.

An awful lot has happened since 1990, socially and technologically. Pay TV hadn't taken off, the internet hadn't taken off. By the time they finish the review and draft new standards, it will be almost 20 years.

Today's market may well face a struggle for direction. Uncertainty over oil prices and the future direction for U.S. interest rates has made it a somewhat choppy week.

With the rate verdict due later, there's a cautious mood creeping into equity markets as although a 25-basis-point hike is widely expected, there's little consensus as to just how long the aggressive stance over interest rates will now continue for.

The petrochemicals sector looks set to remain squarely in focus as trading in 2006 gets under way.