While this event has been in progress today, some two million tons of cargo has passed through British ports. The sea-lanes are of vast importance to this country and it is the Royal Navy that guarantees our access to them.

We have got an underlying level of intelligence which shows there is a threat.

We love Nelson because, like real heroes, he was not perfect. He could be vain and he had his flaws - he even suffered from seasickness. But he was brave and inspired the deepest loyalty, and when it mattered he got it right.

Now, gentlemen, let us do something today which the world may talk of hereafter (before the Battle of Trafalgar)

Substantial progress was made today. We feel that a deal is within reach.

I was very happy with our early progress today, we were able to move up from 17th place into fifth and I was making a move to pass two cars ahead of me. Something happened where they collided and I was unable to avoid their collision. The damage to our nose cone was too extensive to continue. It's a real shame as I was very confident we could succeed today.