In addition, as extremists of every description become more vocal, perhaps a label would help to legitimise the views of agnostics and help to avoid them being written off as fencesitters.
This is partly due to the state of fragmentation in the opposition ranks, especially among the exile groups, which do not inspire confidence among fence-sitters.
While the size of the offering was somewhat smaller than Stirling anticipated, by getting a higher price the analyst believes the Treasury may coax some fence-sitters into the shares.