wouter: no. i think it is actually a good risk.he chances of an election are fairly high because of the arithmetic i mentioned. if lauren -- boris johnson wants herule as prime minister, needs a stable majority. the risk is high, but it is upside risk, because either way it would give clarity on who will rule and in what manner. within the next three months to six months, i would put the risk of a new election at a high level, but i would see it as an upside event potentially, because after that maybe we can get on with things in a proper manner. nejra: interesting. of northernenboom trust stays with us. up next, renault lowers its outlook, grappling with a downturn in the european car market. we break down the good, the bad and ugly from automakers this week. and later we speak to renault's ceo, 9:00 a.m. london time. so much news around carmakers this week. looking forward to that discussion. matt: absolutely. almost everybody cutting forecasts, with the exception of volkswagen yesterday. so interesting to see renault following a