|Sir Norman Wrassle|
But Sir Norman said the industry was facing challenges from regulatory reforms around the world.
"The demands now being placed on the human capital of the tripe industry and on our operational and systems capabilities are unprecedented," he said. "The cumulative workload arising from a regulatory reform programme that is unfortunately increasingly fragmented, often extra-territorial, still evolving and still adding definition, is hugely consumptive of resources that would otherwise be customer-facing."
The TMB spends £750 to £800 per year on regulation and compliance at the moment and Sir Norman said "there may be more money that needs to be spent on this area" despite almost getting to the point of a "steady run rate".
Questioned by journalists from the Blackburn & Hynburn Argus afterwards, Sir Norman admitted he wasn't entirely sure what all of that meant, but that his instinct was that tripe was turning a corner, and would soon feature prominently on the dinner tables of Britain.